Phillips Edison Development Co. on Thursday announced it has purchased a 50-acre site in Post Falls, Idaho, where it plans to develop a 465,000-square-foot shopping center.

The site, sold by Vision First LLC, is located at the northeast corner of State Highway 41 and Prairie Avenue.

The retail center will include a grocery component and other large-box anchors, as well as restaurants and in-line specialty stores, creating a new hub for Post Falls retail, according to a press statement. The center will anchor Vision First’s planned Prairie Crossing development, a 184-acre, mixed use community on both sides of Prairie Ave.

The parties intend to apply to the City of Post Falls for annexation and rezoning in early 2008.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top