Phillips Edison acquires 7-property portfolio

Company holdings break 100 mark

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Phillips Edison & Co., a retail real estate owner, manager and developer, purchased a seven-property, 935,623-square-foot portfolio spread across six states. The total value of the properties was not disclosed. Ramco Gershenson Properties Trust sold the portfolio, which includes: Cox Creek Plaza in Florence, Ala., which comprises 100,501 square feet anchored by Goody's, Old Navy, and Toys R Us. Crestview Corners in Crestview, Fla., which consists of 116,983 square feet anchored by Beall's, Ashley Furniture, and Big Lots. Cumberland Gallery in New Tazewell, Tenn., which is a 98,155-square-foot center anchored by Wal-Mart and Ingles Markets. Edgewood Square in North Augusta, S.C., which totals 228,209 square feet anchored by Bi-Lo. Holly Springs Plaza in Franklin, N.C., which consists of 155,559 square feet anchored by Wal-Mart and Ingles Markets. Indian Hills in Calhoun, Ga., which has 133,130 square feet anchored by Ingles Markets, Goody's, and Tractor Supply. Tellico Plaz...