Phillips Edison grows retail holdings

Phillips Edison acquired the 271,815-square-foot Fairview Park Plaza shopping center in Centralia, Ill.

The value of the transaction was not disclosed.

The property is co-anchored by Schnuck's, a regional food chain, Goody's, Peeble's and Big Lots.

Phillips Edison & Co. is a fully integrated real estate company that acquires, develops, redevelops, leases and manages its retail real estate portfolio.

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