Phillips Edison Acquires Two Shopping Centers in Texas and California

by Katie Sloan

Crowley, Texas and Santa Maria, Calif. — Phillips Edison Grocery Center REIT II has acquired two grocery-anchored shopping centers in Texas and California.

Acquisitions include Stone Gate Plaza, a 90,643-square-foot, Kroger-anchored shopping center located in the Fort Worth suburb of Crowley, Texas; and Broadway Pavilion, a 142,944-square-foot, Food Maxx-anchored shopping center located in Santa Maria, California.

Tenants at Stone Gate Plaza include Cousin’s BBQ, Eagle Postal, Wingstop, GNC, Gamestop, Pro Cuts, Styles of India and Subway. Tenants at Broadway Pavilion include Starbucks Coffee, Subway, Sally Beauty, Rent-A-Center, Cricket Wireless, Play It Again Sports, Party City, Hallmark and Federal Credit Union.

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