An unknown buyer acquired Highland Plaza from Phillips Edison & Company, Inc. for $25.5 million.
December 08, 2021
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An unknown buyer acquired Highland Plaza from Phillips Edison & Company, Inc. (NasdaqGS:PECO) for $25.5 million on December 9, 2021. Justin Smith, Chris Peterson and Ben Starr of Atlantic Capital Partners represented the seller and also procured the buyer.
An unknown buyer completed the acquisition of Highland Plaza from Phillips Edison & Company, Inc. (NasdaqGS:PECO) on December 9, 2021.
Phillips Edison & Company, Inc. is a real estate investment trust (REIT). The Company's business is conducted through Phillips Edison Grocery Center Operating Partnership I, L.P. (the Operating Partnership). The Company owns and operates omni-channel grocery-anchored shopping centers. Additionally, it operates a third-party investment management business providing property management and advisory services to two unconsolidated institutional joint ventures and one private fund. Its portfolio primarily consists of neighborhood centers anchored by the #1 or #2 grocer tenants by sales within their respective formats by trade area. Its centers feature a mix of national and regional retailers providing goods and services throughout the United States. The Company manages approximately 301 shopping centers, including 281 wholly owned centers comprising 32.2 million square feet across 31 states and 20 shopping centers owned in one institutional joint venture.
PHILLIPS EDISON & COMPANY, INC. 
