Phillips Edison & Co. this week announced it recently purchased its 10th retail center in the state of Texas for an undisclosed price.

Commerce Square, a 167,048-square-foot shopping center anchored by Goody’s and Staples, is located in the city of Brownwood.

According to Lyn Harper, Phillips Edison’s acquisition officer, Commerce Square is the company’s first purchase “outside of a major Texas metropolitan area,” and it plans to complete a “physical renovation and re-leasing” on-site.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Register Here×
Connect Now is less than two weeks away. Prices go up May 30.Reserve your seat today.×