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.
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