New Retail Development Underway at Parkside Shopping Center

CINCINNATI, Aug. 21, 2014 /PRNewswire/ -- Phillips Edison & Company announced today that a new phase of retail development is underway at Parkside Shopping Center in Frankfort, Kentucky.  Construction is nearing completion on the buildings that will feature over 80,000 square feet of new, national retailers including Pier 1 Imports, Dick's Sporting Goods, The Children's Place, Rack Room Shoes, Justice, GNC, Ulta Beauty and Wireless Zone. The stores are expected to open in September and October of this year.

"New developments are rare in this economy so after six years of collaboration with the City of Frankfort, we are extremely proud this project is nearing completion," said Scott Mitchell, Senior Vice President of Phillips Edison's Total Retail Solutions and a native of Frankfort.  "The quality of retailers and new development speak highly of the market strength and trade area.  The new tenants will add to the great neighborhood shopping experience that Parkside has to offer."

"We are delighted to be bringing a new Pier 1 Imports store location to the Parkside Shopping Center," said Alex Smith, President and CEO of Pier 1 Imports. "We look forward to sharing our unique merchandise and one-of-a-kind store experience with the residents of Frankfort and the surrounding communities."

The new stores will be located to the west of the existing Kohl's store, and will join the current mix of retailers and restaurants including T.J. Maxx, Michaels, Maurices, Dress Barn, Aspen Dental, Visionworks, Starbucks, DQ Griller, Cattleman's Steakhouse and Buffalo Wild Wings.  Phillips Edison & Company hopes to add a couple of additional retailers and a new restaurant to the shopping center within the coming months.

For more information about Parkside Shopping Center, please visit www.shopparkside.com.

Phillips Edison & Company offers a complete range of retail solutions for investors and retailers. The Company has an operating platform designed to optimize property value and consistently deliver a great shopping experience. Phillips Edison provides retail services including development, redevelopment, leasing and management of retail centers. Established in 1991, the company's portfolio currently includes a national footprint of retail properties. The Company has corporate offices in Cincinnati, Salt Lake City, New York City and Atlanta.

For more information, please visit www.phillipsedison.com or connect with us on LinkedIn.

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SOURCE Phillips Edison & Company