Phillips Edison Buys Six, Aims For More
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If it has a Publix or a Kroger store attached to it, Hal Scudder wants it. (Some people just demand easy access to cereal.) Hal, the Phillips Edison & Co CIO, told us last week that the firm's shopping center REIT's recent purchase of six grocery-anchored centers totaled more than 500k SF, including this Kroger-anchored center called Grassland Crossing in Alpharetta. The price tag was $60.5M. The recent buys only add to Phillips Edison's overall "significant presence in Atlanta," Hal says. "We like the Atlanta market. We know it. There's some challenges in Atlanta, but we think there's a lot of opportunities as the economy rebounds."