Phillips Edison expands holdings in Sun Belt

Buys third shopping center in New Mexico

Phillips Edison & Co. this week announced the acquisition of Lakeway Shopping Center in Truth or Consequences, N.M. Neither the value of the transaction nor the seller's identity was disclosed. Lakeway Shopping Center consists of 75,618 square feet and was anchored by a Food Basket Supermarket at the time of purchase. Phillips Edison also owns Four Hills Shopping Center and Guadalupe Plaza, both in Albuquerque. Phillips Edison & Co., with offices in Baltimore, Cincinnati and Salt Lake City, is a fully integrated real estate company that acquires, develops, redevelops, leases and manages its retail real estate portfolio. ...