CINCINNATI — Phillips Edison Grocery REIT II has acquired three properties, expanding its portfolio in Ohio and Minnesota and acquiring its first shopping center in Maryland.
Glennwood Crossing in Cincinnati was purchased from Glenwood Crossing LLC for $7.1 million and contains 101,021 rentable square feet. Currently, the center is 96 percent leased to 11 tenants, with anchor grocery Kroger occupying 62,541 rentable square feet.
Rosewick Crossing in La Plata, Md., was purchased from Excel Rosewick LLC, for $25 million and contains 115,972 rentable square feet. Currently the center is 82 percent leased to 12 tenants. Anchor grocery Giant occupies 61,932 rentable square feet.
Waterford Park Plaza in Plymouth, Minn., was purchased from Provident/Waterford LLC for $19.5 million and contains 127,586 rentable square feet. Currently the shopping center is 96 percent leased to 24 tenants. Anchor grocery Cub Foods occupies 64,673 rentable square feet.