Phillips Edison expands Texas shopping center portfolio

Cincinnati - Phillips Edison-ARC Grocery Center REIT II Inc. has acquired two grocery-anchored shopping centers, Northpark Village and Spring Cypress Village. These acquisitions add properties in Texas to the company's portfolio.



Northpark Village is a 70,479-sq.-ft. grocery store-anchored shopping center located in Lubbock, Texas, anchored by a United Supermarkets grocery store. Other national and regional tenants at the center include GNC, Starbucks, Super Tan and Sun Loan Company.



Spring Cypress Village is a 97,550-sq.-ft. grocery store-anchored shopping center located in Houston, Texas. Spring Cypress Village is anchored by Sprouts. National and regional tenants at the center also include Burger King, State Farm Insurance and Spec's.