CINCINNATI, Feb. 18, 2015 — Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced it has added another property in the state of California to its portfolio.
North Point Landing is a 152,769 square foot grocery store-anchored shopping center in Modesto, California, anchored by a Walmart Supercenter. Other national and regional tenants at the center include GNC, T-Mobile, the UPS Store, Allstate and Round Table Pizza.
The Company’s sponsor, Phillips Edison, has a robust acquisitions pipeline managed by a national, in-house acquisitions team from which it continues to source opportunities to acquire high quality grocery-anchored shopping centers diversified by grocer, geography, tenancy, lease expirations and creditworthiness.
About Phillips Edison Grocery Center REIT II, Inc.
Phillips Edison Grocery Center REIT II, Inc. is a public non-traded real estate investment trust that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services, in strong demographic markets throughout the United States. As of February 18, 2015, the Company owned and managed an institutional quality retail portfolio consisting of 22 grocery-anchored shopping centers totaling 2.5 million square feet. For more information on the Company, please visit the website at www.grocerycenterREIT2.com.