CINCINNATI, July 6, 2015 /PRNewswire/ -- Phillips Edison Grocery Center REIT II, Inc. (the "Company") today announced it has acquired three grocery-anchored shopping centers in Michigan, California, and Massachusetts.
Crossroads Towne Center is a 102,275 square foot grocery store-anchored shopping center in Howell, Michigan, a suburb of Ann Arbor, Michigan. The center is anchored by Kroger, the number one grocer in Southeast Michigan by market share. The center also features national tenants Great Clips, Jets Pizza, Subway, H&R Block, and Little Caesars.
Central Valley Marketplace is an 81,897 square foot grocery store-anchored shopping center in Ceres, California, a suburb of Modesto, California. The center is anchored by PAQ Food 4 Less; PAQ, Inc. operates 42 supermarkets in California and Hawaii. The center also features national tenants Starbucks, Game Stop, Panda Express and Wing Stop.
Highlands Plaza is a 112,869 square foot grocery store-anchored shopping center in Easton, Massachusetts, a suburb of Boston, Massachusetts. The center is anchored by Hannaford, which operates over 180 stores on the East Coast. The center also features national tenants TJMaxx, Liberty Mutual and Supercuts.
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 July 6, 2015, the Company owned and managed an institutional quality retail portfolio consisting of 33 grocery-anchored shopping centers totaling 3.5 million square feet. 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 Form 10-Qs 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.
SOURCE Phillips Edison Grocery Center REIT II, Inc.