42.8 F
Fort Worth
Tuesday, January 26, 2021

Crowley retail center among three newly acquired by Cincinnati REIT

Stone Gate Plaza in Crowley is one of three supermarket-anchored retail centers acquired by Phillips Edison Grocery Center REIT II Inc., the company announced on Wednesday.

By acquiring the 90,643-square-foot site, the Cincinnati-based real estate investment trust has added shopping centers in Texas, Georgia and California to its portfolio.

The Crowley property is anchored by a Kroger store and also features Cousin’s BBQ, Eagle Postal, Wingstop, GNC, Gamestop, Pro Cuts, Styles of India and Subway.

Broadway Pavilion, the California acquisition, is a 142,944-square-foot shopping center in Santa Maria. The center is anchored by Food Maxx, a banner of Save Mart, a private chain of supermarkets that owns and operates stores in Northern and Central California and Northern Nevada.

Meanwhile, Market Walk Shopping Center adds Georgia to the mix, with a 255,102-square-foot center in Savannah. The center is anchored by a Kroger Marketplace.

Phillips Edison Grocery Center REIT II, Inc. is a public non-traded real estate investment trust that acquires and manages grocery-anchored neighborhood shopping centers. As of May 18, 2016, the company owned and managed an institutional quality retail portfolio comprising 63 grocery-anchored shopping centers totaling 7.9 million square feet of gross leasable area.  More information is available at www.grocerycenterREIT2.com.

Related Articles

Our Digital Sponsors

Stay Connected


Latest Articles

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.