Phillips Edison Expands Holdings With Illinois Retail Buy

September 19, 2017

Phillips Edison Expands Holdings With Illinois Retail Buy

September 15, 2017 | Gail Kalinoski | Commerical Property Executive

Phillips Edison & Co., a Cincinnati-based owner of grocery-anchored shopping centers, is continuing its aggressive expansion, adding Hoffman Village to its Illinois holdings. The 159,443-square shopping center in Hoffman Estates, Ill., a Chicago suburb, marks the 14th property in Illinois for the company.

Hoffman Village, which is anchored by Mariano’s, a local grocer owned and operated by Roundys Supermarkets Inc., was acquired by the company’s Phillips Edison Grocery Center REIT I Inc. The shopping center has a mix of national and local tenants, including AT&T, Anytime Fitness, GNC, Fannie May Candies, Hallmark, Subway, Supercuts and Dunkin’ Donuts.

“The acquisition of Hoffman Village exemplified the commitment to adding high quality grocery-anchored shopping centers to the existing portfolio. It supports the strategy of owning and managing grocery-anchored centers located in markets that demonstrate strong long-term economic and demographic fundamentals,” David Wik, senior vice president of acquisitions for the company, said in a prepared statement.

Read Full Article Here



Learn more about Phillip Edison & Company on the Blue Vault Sponsor Focus page.

Click Here



Phillips Edison Grocery Center REIT I, II End ARC Advisory Contracts

Phillips Edison Adds 600 KSF to Its REITs

Phillips Edison Grocery Center REIT II Reports Second Quarter 2017 Results



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.