Phillips Edison-ARC Shopping Center REIT buys 2 grocery-anchored centers

01/3/2013 | SNL Financial (free content)

Phillips Edison-ARC Shopping Center REIT has acquired grocery-anchored shopping centers in California and Oregon, paying $34.5 million in total. It bought the Village One Plaza, a 105,658-square-foot shopping center in Modesto, Calif., and Hilfiker Square, a 38,558-square-foot retail center in Salem, Ore.

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