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Phillips Edison Grocery Center REIT II purchases Georgia center
Cincinnati — Phillips Edison Grocery Center Reit II Inc. has purchased the Old Alabama Square center in Alpharetta, Ga. Old Alabama Square is a 103,268-sq.-ft. shopping center anchored by the Fresh Market.
This acquisition adds the first Fresh Market grocery-anchored shopping center to the company’s portfolio. The center also features national tenants Walgreens, Firehouse Subs, Verizon Wireless and State Farm.
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German grocer Lidl prepares for U.S. expansion, to open headquarters in Virginia
Neckarlsum, Germany — Another German supermarket retailer has its sights set on the United States: Discount grocer Lidl on Friday announced it is establishing a U.S. corporate headquarters, in Arlington County, Va. The move comes as rival Aldi contines to aggressively expand throughout the United States.