Phillips Edison Grocery Center REIT II, Inc. Acquires Six Grocery-Anchored Shopping Centers

Adds New Grocery Anchor to Portfolio

04 Nov, 2015, 13:07 ET from Phillips Edison Grocery Center REIT II, Inc.

CINCINNATI, Nov. 4, 2015 /PRNewswire/ -- Phillips Edison Grocery Center REIT II, Inc. (the "Company") today announced it has acquired six grocery-anchored shopping centers, expanding the Company's portfolio in California, Wisconsin and Florida.

Moreno Marketplace is a 77,763 square foot grocery store-anchored shopping center in Moreno Valley, California, a suburb 52 miles east of downtown Los Angeles. The center is anchored by Stater Bros., a privately held supermarket discount chain that operates 168 stores throughout Southern California. Moreno Marketplace also features key national tenants Subway, Fantastic Sams, Wells Fargo Bank, and Jack in the Box.

Village Center is a 241,704 square foot grocery store-anchored shopping center in Racine, Wisconsin, which is approximately 30 miles south of Milwaukee and 60 miles north of Chicago. The center is anchored by Festival Foods, the number two grocer by market share in the Racine area. Village Center also features key national tenants Kohl's, Ulta, Dress Barn, Panera Bread, Sally Beauty and Cost Cutters.

Alico Commons is a 97,592 square foot grocery store-anchored shopping center in Fort Myers, Florida. The center is anchored by Publix, the number one grocer by market share in the Fort Myers area. Alico Commons also features key national and regional tenants ATC Fitness, Metro PCS and Humana.

Rockledge Square is a 76,018 square foot grocery store-anchored shopping center in Rockledge, Florida, which is 20 miles north of Melbourne, Florida, in the Cocoa Beach area. The center is anchored by Publix, the number one grocer by market share in the coastal Florida area. Rockledge Square also features key national tenants Firehouse Subs, Cricket Wireless, Great Clips and Advance America.

Windover Square is an 81,516 square foot grocery store-anchored shopping center in Melbourne, Florida. The center is anchored by Publix, the number one grocer by market share in the coastal Florida area. Windover Square also features key national and regional tenants Weight Watchers, Dollar Tree, Sally Beauty, Firehouse Subs, and Woody's BBQ.

Port St. John Plaza is a 78,790 square foot grocery store-anchored shopping center in Port St. John, Florida, which is 35 miles north of Melbourne, Florida. The center is anchored by Winn Dixie, the number two traditional grocer in the coastal Florida area. Port St. John Plaza also features key national tenants Papa John's, Planet Fitness, Subway and Metro PCS.

The Company's sponsor, 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.

About Phillips Edison Grocery Center REIT II, Inc.
Phillips Edison Grocery Center REIT II, Inc. is a public non-traded real estate investment trust that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services, in strong demographic markets throughout the United States. As of November 4, 2015, the Company owned and managed an institutional quality retail portfolio consisting of 47 grocery-anchored shopping centers totaling 5.7 million square feet of gross leasable area.  For more information on the Company, please visit the website at www.grocerycenterREIT2.com.

This press release contains forward-looking statements about our business, including, in particular, statements about our plans, strategies and objectives. You can generally identify forward-looking statements by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue" or other similar words. You should not rely on these forward-looking statements because the matters they describe are subject to the factors detailed under Risk Factors in our most recent Form 10-K and subsequent Forms 10-Q on file with the Securities and Exchange Commission as well as other known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control. Our actual results, performance and achievements may be materially different from that expressed or implied by these forward-looking statements.

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SOURCE Phillips Edison Grocery Center REIT II, Inc.



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