Phillips Edison buys Hermiston Plaza

Developer grows holdings in Beaver State

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Phillips Edison & Co., a retail real estate owner and developer, on Tuesday announced the purchase of a large shopping center in Hermiston, Ore. Hermiston Plaza is a 150,396-square-foot center anchored by Safeway. The value of the transaction was not disclosed. According to a press statement, this is the company's third shopping center purchase in the state of Oregon in the last 12 months. ...