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Phillips Edison Grocery Center REIT II strengthens portfolio with acquisition
Phillips Edison Grocery Center REIT II announced the acquisition of the 67,280 sq. ft. Lakewood City Center in Lakewood, Ohio.
The shopping center is anchored by a 39,400 sq. ft. Marc’s grocery store, the No. 2 grocer in the Cleveland area. Additional retail includes: Gamestop, Best Cuts, Pet Supplies Plus, the UPS Store, Boston Market, Marco’s Pizza, Ace Cash Express, T-Mobile, Palm Beach Tan, and Chipotle Mexican Grill.
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April Fools' Day hits retail
No, Trader Joe’s is not closing, and GrubHub is not launching a new ride share service called “Gruber.”
These are just two of the many fake news announcements circulating this April 1, a day traditionally dedicated to pranks and jokes. The retail-related April Fools hoax that by far has gotten the most attention, a false report that organic grocer Trader Joe’s would shutter all stores and discontinue all branded products by 2017, was actually released March 31.

