This Commercial Real Estate shopping center acquisition focus on well-located anchored properties. The center's anchor tenancy and prime location in a strong retail corridor just off I-205 make it an attractive investment.
"This transaction demonstrates Phillips Edison's position as one of the few shopping center operating companies that has the debt and equity in place to purchase value-add and opportunistic shopping centers throughout the United States," said Hal Scudder, Chief Investment Officer.
The Johnson Creek Shopping Center is located at the intersection of SE Johnson Creek Boulevard and SE 82nd Avenue and is well positioned to service the residents of Portland suburbs.
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