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.

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