Sandy Marketplace sells

Phillips Edison & Co. this week announced the purchase of Sandy Marketplace in Sandy, Ore.

The value of the transaction was not disclosed.

Sandy Marketplace is a 101,438-square-foot center anchored by Hi-School Pharmacy and 15 other tenants at the time of purchase. The city of Sandy has a population of approximately 20,000 and is located east of Portland.

Phillips Edison & Co. specializes in the acquisition and redevelopment of underperforming grocery-anchored shopping centers nationwide.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.