Phillips Edison buys into Oklahoma market

Developer to step up leasing plans

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Phillips Edison & Co. made its first acquisition in Oklahoma with the purchase of the 203,994-square-foot Windsor Hills Shopping Center in Oklahoma City. The value of the transaction was not disclosed. Big Lots, a closeout retail store, anchored Windsor Hills at the time of sale. Phillips Edison plans to stabilize the tenancy as it refocuses its leasing strategy, according to a press statement. Phillips Edison & Co. is a retail real estate owner, manager and developer operating in 27 states. ...