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Phillips-Edison acquires Colorado shopping center
Cincinnati -- Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Kipling Marketplace, adding a property in Colorado to the company's portfolio. Kipling Marketplace is a 90,124-sq.-ft. grocery store-anchored shopping center located in Littleton, Colorado, part of the Denver metropolitan statistical area.
Kipling Marketplace is anchored by a Safeway grocery store, the number two grocer in the Denver area. Other national and regional tenants at the center include Sylvan Learning, Dairy Queen, Cost Cutters, and H&R Block. -
Supervalu launches national sales expo
Eden Prairie, Minn. – Supervalu Inc. is hosting the company’s first-ever national sales expo, a three-day trade event, in St. Paul, Minnesota. The expo will feature more than 20 educational sessions and more than 330 expo booths, providing more than 3,900 independent grocery retailers from more 1,250 stores the opportunity to gain insights, merchandising ideas and grocery retail solutions from industry experts.