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Phillips Edison acquires six grocery-anchored shopping centers
Cincinnati -- Phillips Edison Grocery Center REIT II, Inc. expanded its portfolio in California, Wisconsin and Florida, with the acquisition of six grocery-anchored shopping centers. They include:
Moreno Marketplace in Moreno Valley, California
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Big new Victoria’s Secret flagship in the works
Another larger-than-life retail showcase is coming to the Big Apple.
Victoria’s Secret plans to open a 64,000-sq.-ft. store on the corner of Fifth Avenue and 51st Street. The space was formerly occupied by Forever 21, which moved out after just seven months of operation.
“It’s a very big deal from a brand standpoint,” Stuart Burgdoefer, CFO, L Brands, parent of Victoria’s Secret, said at the company’s annual investor conference.

