Phillips Edison Grocery Center REIT II purchases Georgia center

Cincinnati — Phillips Edison Grocery Center Reit II Inc. has purchased the Old Alabama Square center in Alpharetta,Ga. Old Alabama Square is a 103,268-sq.-ft. shopping center anchored by the Fresh Market.

This acquisition adds the first Fresh Market grocery-anchored shopping center to the company’s portfolio. The center also features national tenants Walgreens, Firehouse Subs, Verizon Wireless and State Farm.