Phillips Edison Grocery Centers nabs three centers

Cincinnati -- Phillips Edison Grocery Center announced it has acquired three grocery-anchored shopping centers in Michigan, California, and Massachusetts.



Crossroads Towne Center is a 102,275-sq.-ft. grocery store-anchored shopping center in Howell, Michigan, a suburb of Ann Arbor, Michigan. The center is anchored by Kroger, and also features national tenants Great Clips, Jets Pizza, Subway, H&R Block, and Little Caesars.



Central Valley Marketplace is an 81,897-sq.-ft. grocery store-anchored shopping center in Ceres, California, a suburb of Modesto, California. The center is anchored by PAQ Food 4 Less, which operates 42 supermarkets in California and Hawaii. The center also features national tenants Starbucks, Game Stop, Panda Express and Wing Stop.



Highlands Plaza is a 112,869-sq.-ft. grocery store-anchored shopping center in Easton, Massachusetts, a suburb of Boston. The center is anchored by Hannaford, which operates over 180 stores on the East Coast. The center also features national tenants TJMaxx, Liberty Mutual and Supercuts.



Phillips Edison has a robust 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.