UNLOCK THE POWER OF THE VAULT

Phillips Edison Acquires Bakersfield Center

August 7, 2017

Phillips Edison Acquires Bakersfield Center

August 2, 2017 | Al Urbanski | ChainStoreAge.com

Phillips Edison has acquired another grocery-anchored center, this on in Bakersfield, California.
 
Riverlakes Village is a 92,212-sq.-ft. neighborhood center anchored by Von’s Supermarket and augmented by a classic necessity-based mix of CVS, Verizon Wireless, Bank of America, Supercuts, Steak and Grape’s, and Chipotle. 
 
The center is 97% leased, according to broker CBRE, which did not disclose the sale price.
 
 
didyouknow_sponsorfocus-green
 
Learn more about Phillips Edison & Company on our Sponsor Focus page. 
 
 
201706_RecentNews_header_ctr
 
 
 
 
 
Print Friendly, PDF & Email
Go Back
John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.