1. Market Data
June 29, 2016

Phillips Edison Grocery Center REIT I acquires shopping centre in Texas

Phillips Edison Grocery Center REIT I, has acquired a grocery-anchored shopping centre in Texas, US.

Phillips Edison Grocery Center REIT I has acquired a grocery-anchored shopping centre in Texas, US.

Financial details of the deal have not been disclosed.

The 218,598ft² Murphy Marketplace shopping centre is located in Murphy, a suburb 25 miles north-east of Dallas.

This centre is anchored by Sprouts, a leading fresh format grocer.

"This centre is anchored by Sprouts, a leading fresh format grocer."

It also features national and regional tenants, including Michaels, 24 Hour Fitness, Tuesday Morning, T-Mobile, Chick-Fil-A, Einstein Bros. Bagels, Chipotle, Firehouse Subs and Dunkin’ Donuts.

Phillips Edison Grocery Center REIT I is a public, non-traded, real estate investment trust.

Content from our partners
Advanced analytics and predicting market trends in FMCG
How smart predictive analytics is shaping product development
Data analysis in the brave new world

It acquires and manages grocery-anchored neighbourhood shopping centres with a mix of national and regional retailers selling necessity-based goods and services, in robust demographic markets across the US.

As of 29 June, it owns and manages a retail portfolio comprising 149 shopping centres.

These shopping centres have a total of approximately 15.9 million square feet.