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Phillips Edison buys Naples center


Phillips Edison, a major player in grocery-anchored centers, has acquired the Mission Hills Shopping Center in Naples, Florida, according to The Real Deal, a south Florida real estate site.

The 11-year-old, 85,078-sq.-ft. center anchored by Winn-Dixie and Anytime Fitness is 97% leased, according to the seller, The Hampshire Companies. Terms of the deal were not disclosed.

More than 3,000 homes are under construction within two miles of the Mission Hills center, according to Hampshire.

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