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

Adds New Grocery Anchor to Portfolio

Dec 22, 2015, 09:00 ET from Phillips Edison Grocery Center REIT II, Inc.

CINCINNATI, Dec. 22, 2015 /PRNewswire/ -- Phillips Edison Grocery Center REIT II, Inc. (the "Company") today announced it has acquired four grocery-anchored shopping centers, expanding the Company's portfolio in Ohio and Illinois.

Amherst Marketplace is a 79,945 square foot grocery store-anchored shopping center in Amherst, Ohio, a suburb 34 miles east of downtown Cleveland. The center is anchored by Giant Eagle, the number one grocer by market share in the Cleveland area. Amherst Marketplace also features national and regional tenants Get Go Gas, Monster Tan and Best Cuts.

Sheffield Crossing is a 113,688 square foot grocery store-anchored shopping center in Sheffield Village, Ohio, a suburb approximately 25 miles east of downtown Cleveland. The center is anchored by Giant Eagle, the number one grocer by market share in the Cleveland area. Sheffield Crossing also features national tenants Edward Jones, Great Clips, Weight Watchers and Verizon Wireless.

The Shoppes at Windmill Place is a 122,176 square foot grocery store-anchored shopping center in Batavia, Illinois, a suburb 43 miles west of Chicago. The center is anchored by Jewel Osco, the number one grocer by market share in the Chicago area. The Shoppes at Windmill Place also features national and regional tenants Dunkin Donuts, Mattress Firm, Zano Salon, Hair Cuttery, Subway, Hallmark and GNC.

Hamilton Mill Village is an 88,710 square foot grocery store-anchored shopping center in Dacula, Georgia, a suburb 37 miles northeast of Atlanta. The center is anchored by Publix, the number two grocer by market share in the Atlanta area. Hamilton Mill Village also features national and regional tenants Subway, Menchies, Orange Theory Fitness, Riverside Pizza and Petco.

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 December 21, 2015, the Company owned and managed an institutional quality retail portfolio consisting of 55 grocery-anchored shopping centers totaling 6.5 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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