DENVER—Phillips Edison Grocery Center REIT II, Inc. has acquired two grocery-anchored shopping centers, expanding the company's portfolio in Colorado.
Meadows on the Parkway is a 216,437 square foot grocery store-anchored shopping center in Boulder, home to the University of Colorado, the state's largest university. The center is anchored by Safeway, the number two grocer in Boulder by market share. The center also features national tenants Subway, Regus, Great Clips, Michaels, Anytime Fitness and Fast Signs.
Broadlands Marketplace is a 103,883 square foot grocery store-anchored shopping center in Broomfield, a suburb of Denver. The center is also anchored by Safeway, and features national tenants Great Clips, Edward Jones and Subway.
The REIT'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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
