Phillips Edison–ARC Shopping Center REIT Inc. Acquires 157,459-Sq.-Ft. Grocery-Anchored Center in Ohio

CINCINNATI—Phillips Edison—ARC Shopping Center REIT Inc. has acquired Brook Park Plaza, a 157,459-sq.-ft. shopping center in Brook Park, Ohio, a suburb of Cleveland.

Currently 87.8 percent occupied, Brook Park Plaza is anchored by an 82,000-sq.-ft. Giant Eagle grocery store with a fuel station.

With this acquisition, Philips Edison—ARC Shopping Center REIT’s portfolio includes 22 properties.