While some retailers are shuttering doors, fitness chains are hardly breaking a sweat as malls and shopping centers are leveraging them as anchors to increase foot traffic.
In a 100% stock-for-stock transaction, Phillips Edison & Company has merged with its internally managed real estate investment trust, Phillips Edison Grocery REIT II.
The owners of New Jersey’s fourth largest mall have received approval from the Eatontown Planning Board to add 700 residential units and transform the property into a mixed-use community.