Phillips Edison-ARC acquires Publix-anchored center

Atlanta -- Cincinnati-based Phillips Edison–ARC Shopping Center REIT has announced the acquisition of Macland Pointe, a 79,699-sq.-ft. shopping center anchored by a Publix grocery store and located in the Greater Atlanta, Georgia Metro Area.



The acquisition of Macland Pointe brings the company's total portfolio to 34 properties anchored by 13 grocers in 15 states.



Macland Pointe is 92.8% occupied and anchored by a 55,999-sq.-ft. Publix.