Phillips Edison enters Washington market

Retail real estate developer Phillips Edison & Co. recently purchased its first shopping center in Washington state for an undisclosed price.

The property, Blaine Center, is a 127,572-square-foot center located in Blaine, which, according to a press statement, is the "busiest border crossing point between Washington and British Columbia."

At the time of sale, the property was anchored by a 43,550-square-foot Cost Cutter store. Cost Cutter is a brand of grocery stores owned by Brown and Cole Stores operating solely in Washington state.

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