Ohio Real Estate Investment Trust Buys Salinas Shopping Center

By Jon Peterson Cincinnati-based Phillips Edison-ARC has paid $22.7 million to buy Salinas’ Boronda Plaza, a not-quite 100,000 square-foot grocery-anchored shopping center. The seller was Costa Mesa-based Donahue Schriber, a private real estate investment trust that bought the property in 2003. John McCormack, owner of JNM Co. Commercial Real Estate, which has been the center’s […]