Phillips Edison Acquires Three Grocery-Anchored Shopping Centers

by Katie Sloan

Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired three grocery-anchored shopping centers in Michigan, California and Massachusetts.

Acquisitions include Crossroads Towne Center, a 102,275-square-foot, Kroger-anchored center located in the Ann Arbor suburb of Howell, Michigan; Central Valley Marketplace, an 81,897-square-foot PAQ Food 4 Less-anchored shopping center located in Modesto, California; and Highlands Plaza, a 112,869-square-foot Hannaford-anchored shopping center located in the Boston suburb of Easton, Massachusetts. 

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