Philips Edison/ARC acquires two centers in Florida

Cincinnati -- Phillips Edison/ARC Grovery Center REIT II, announced the acquisition of two grocery-anchored shopping centers, Lake Washington Crossing and MetroWest Village. These acquisitions expand the company's portfolio to include the state of Florida.



Lake Washington Crossing is a Publix grocery store-anchored shopping center located in Melbourne, Florida, approximately 35 miles east of Orlando. Other national and regional tenants featured at the 118,698 sq.-ft. shopping center include Sally Beauty, Pizza Hut, KFC and H&R Block.



MetroWest Village is a 106,977-sq.-ft. grocery store-anchored shopping center located in Orlando, Florida. MetroWest Village is anchored by a Publix grocery store. Other national and regional tenants at the center include Marco's Pizza, Subway, Pet Supermarket, GNC, Anytime Fitness, Weight Watchers and South Beach Tanning.