Phillips Edison adds Publix-anchored center in Florida
One of the nation’s largest owners and operators of grocery-anchored shopping centers got a little bigger this week.
Phillips Edison, which runs more than 300 centers across the U.S., purchased Winter Springs Town Center, a Publix-anchored property outside of Orlando, Fla. The 115,757-sq.-ft. location also includes Zoo Health Club, Subway, UPS, Great Clips, GNC, Quest Diagnostics, and Edward Jones.
Transwestern brokered the deal on behalf of the seller, an unnamed, Dallas-based investment group. The sale price was not released.
“Winter Springs Town Center is a high-profile, institutional-quality retail asset situated within a fast-growing residential community,” observed Transwestern managing director John Bell.