Phillips Edison Grocery Center REIT II Buys Arizona Shopping Center
ByAlameda Crossing
Phoenix—Phillips Edison Grocery Center REIT II Inc., a public non-traded REIT focusing on the acquisition and management of grocery-anchored shopping centers, has announced the purchase of Alameda Crossing, a grocery-anchored shopping center in Avondale, Ariz.. The financial details of the transaction were not disclosed.
Located at the intersection of N. Dysart Road and W. Mcdowell Road, Alameda Crossing is a 132,338-square-foot Sprouts-anchored shopping center. In addition to Sprouts, the property’s tenant roll includes Tuesday Morning, Big 5, JoAnn Fabrics, Papa Murphy’s, Bank of America, Sports Clips and a variety of local retailers…
Phillips Edison Grocery Center REIT II Buys Arizona Shopping Center