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Rowlett, Texas — Phillips Edison has acquired Lake Pointe Market, a 40,589-square-foot retail center located in the Dallas suburb of Rowlett. Tenants at the property, which was 97 percent leased at the time of sale, include PetCo, DCP Equity Partners, Burger Island, OneMain Financial, Bank of America, Verizon and SuperCuts. Adam Howells, Chris Gerard and Megan Babovec of JLL represented the seller, Main Street Investment Co., in the transaction.