Cincinnati – Alpharetta is an affluent suburb of Atlanta.
Cincinnati – Phillips Edison-ARC Grocery Center REIT II has acquired its first shopping center anchored by a grocery store. Bethany Village, in the Atlanta suburb of Alpharetta, is anchored by an 81,674-square-foot Publix. The seller was Bentall Kennedy. Other national tenants include Marco’s Pizza, Subway, and Workout Anytime. “Anchored by a leading grocer and backed by solid real estate fundamentals, Bethany Village sets the example for the types of properties we will look to acquire. It serves as a great foundation as we continue to build our portfolio based on tenant, geographic, industry, lease term and credit diversification,” Jeff Edison, CEO of Phillips-Edison-ARC Grocery Center, says.
— Scott Reid