HANLEY ARRANGES SEVEN RETAIL INVESTMENT SALES FOR PHILLIPS EDISON

|

Shopping Center Business

Irvine, Calif. — The seven centers total more than 800,000 square feet.

Hanley Investment Group has arranged seven sales totaling more than 800,000 square feet on behalf of Phillips Edison & Company. Hanley was able to secure buyers and a maximum value of $38.3 million for the seller. The retail properties sold on behalf of Phillips Edison were Alexandria Green Village in Alexandria, Kentucky, a 207,606-square-foot grocery-anchored property that includes tenants such as WalMart (NAP), Sears, Dollar Tree and a local supermarket chain; Windsor Hills Center in Oklahoma City, Oklahoma, a 194,477-square-foot grocery-anchored center, including Crest Foods (NAP), Dollar Tree and DD’s Discounts; La Grande Town Center in La Grande, Oregon, a 131,857-square-foot property anchored by Rite Aid, Dollar Tree, Ace Hardware and Bealls department store; Beacon Heights in Madison, Georgia, a 103,240-square-foot property with tenants including Goody’s, Dollar Tree, and Goodwill; Lakeway Shopping Center, in Truth or Consequences, New Mexico, a 75,616-square-foot anchored center, consisting of both local and national tenants, including Verizon Wireless, Subway, Dollar General, Burke’s Outlet and Bealls department store; Cross Creek Shopping Center, Tupelo, Mississippi, a 65,269-square-foot property anchored by Home Depot (NAP), Staples, PetSmart, and Cracker Barrel; Decatur Marketplace in Decatur, Illinois, a 22,775-square-foot property shadow anchored by Walmart Supercenter.