Phillips Edison Grocery Center REIT II Inc. Acquires Three Grocery-Anchored Shopping Centers

Cincinnati — The REIT owns and manages a retail portfolio consisting of 20 grocery-anchored shopping centers totaling approximately 2.3 million square feet.

Phillips Edison Grocery Center REIT II Inc. has acquired Plaza Farmington, a 140,803-square-foot grocery store-anchored shopping center in Farmington, New Mexico. Plaza Farmington is anchored by Safeway and features a fuel center. Other national tenants at the center include Best Buy, Petco, and TJ Maxx. Phillips Edison also purchased Quivira Crossings, an 111,304-square-foot grocery store-anchored shopping center in Overland Park, Kansas, a suburb of Kansas City. Quivira Crossings is anchored by Price Chopper. Other national and regional tenants at the center include State Farm, Just for Hair and Plato’s Closet. Crossroads of Shakopee, also acquired by Phillips Edison, is a 140,949-square-foot grocery store-anchored shopping center in Shakopee, Minnesota, a suburb of Minneapolis. The center is anchored by Cub Foods. Crossroads of Shakopee also features national and regional tenants Great Clips, The UPS Store, Subway, One Main Financial, Papa Murphy’s, Planet Fitness and Mathnasium. 

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