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.