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Philips Edison/ARC acquires two centers in Florida
Cincinnati -- Phillips Edison/ARC Grovery Center REIT II, announced the acquisition of two grocery-anchored shopping centers, Lake Washington Crossing and MetroWest Village. These acquisitions expand the company's portfolio to include the state of Florida.
Lake Washington Crossing is a Publix grocery store-anchored shopping center located in Melbourne, Florida, approximately 35 miles east of Orlando. Other national and regional tenants featured at the 118,698 sq.-ft. shopping center include Sally Beauty, Pizza Hut, KFC and H&R Block.
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JLL effects sale of Lake Washington Crossing
Orlando, Fla. -- JLL’s Capital Markets experts announced the firm has closed the sale of Lake Washington Crossing on behalf of WSRI-SRP Lake Washington, LLC.
Baltimore-based Philips Edison Group, LLC, purchased the 118,698-sq.-ft. grocery-anchored shopping center, located near Florida’s ocean coast, in the town of Melbourne.
Managing Directors Kris Cooper, Margaret Caldwell and Carson Good led the JLL team on the transaction.