Phillips Edison & Company, Inc. acquired 54,000 Square Foot Shopping Center Located in Centennial, Colorado for $16.5 million.
November 03, 2021
Share
Phillips Edison & Company, Inc. (NasdaqGS:PECO) acquired 54,000 Square Foot Shopping Center Located in Centennial, Colorado for $16.5 million on the third quarter of 2021. In a related transaction, Phillips Edison & Company, Inc. acquired Valrico Commons.
Phillips Edison & Company, Inc. (NasdaqGS:PECO) completed the acquisition of 54,000 Square Foot Shopping Center Located in Centennial, Colorado on the third quarter of 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. 
