Phillips Edison grows retail portfolio

Phillips Edison & Co. acquired a 110,556-square-foot community shopping center in Memphis, Tenn., from AEGON USA Realty Advisors.

The value of the transaction was not disclosed.

Gleneagles Court is anchored by Kroger and is located at the intersection of Shelby Drive and Riverdale Road.

Phillips Edison & Co., with offices in Cincinnati, Baltimore and Salt Lake City, owns and manages 80 retail properties totaling more than 9.5 million square feet in 22 states.

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