Phillips Edison acquires Arlington, Texas, center
Phillips Edison & Company has expanded its presence in Texas with the acquisition of Seville Commons, a center anchored by Walmart Neighborhood Market in Arlington.
Other tenants at the 113,472-sq.-ft. center include Chipotle, La Madeleine, GNC, Merto PCS, and Chase Bank.
“We are excited to further expand our footprint in the suburban Dallas region,” said David Wik, senior VP of acquisitions at Phillips Edison. “This acquisition supports our goals to provide first-class grocery-anchored shopping centers to add tremendous value to the communities in which they serve and to our shareholders.”
Seville Commons gives PECO a total of 12 centers in the Lone Star State.
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Other tenants at the 113,472-sq.-ft. center include Chipotle, La Madeleine, GNC, Merto PCS, and Chase Bank.
“We are excited to further expand our footprint in the suburban Dallas region,” said David Wik, senior VP of acquisitions at Phillips Edison. “This acquisition supports our goals to provide first-class grocery-anchored shopping centers to add tremendous value to the communities in which they serve and to our shareholders.”
Seville Commons gives PECO a total of 12 centers in the Lone Star State.
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