Phillips Edison adds to portfolio

Phillips Edison Grocery Center REIT I Inc. is acquiring a grocery-anchored shopping center, expanding the company’s holdings in Massachusetts.



Northwoods Crossing is a 159,562-sq.-ft. grocery store-anchored shopping center in Taunton, Massachusetts, a suburb 40 miles south of Boston. The center is anchored by BJ’s Wholesale Club. It also features national and regional tenants such as Tractor Supply Company, Dollar Tree, Subway, Ruby Tuesday and Wendy’s.



The company’s sponsor, Phillips Edison, has an acquisitions pipeline managed by a national, in-house acquisitions team from which it continues to source opportunities to acquire high-quality grocery-anchored shopping centers diversified by grocer, geography, tenancy, lease expirations and creditworthiness.