Phillips Edison Grocery Center REIT II, Inc. Acquires First Grocery-anchored Shopping Center in Ohio

CINCINNATI, Feb. 11, 2015 /PRNewswire/ -- Phillips Edison Grocery Center REIT II, Inc. (the "Company") today announced the acquisition of Harvest Plaza, adding the first property in the state of Ohio to the Company's portfolio.

Harvest Plaza is a 75,866 square foot grocery store-anchored shopping center in Akron, Ohio. The shopping center is anchored by Giant Eagle. Giant Eagle is the number one grocer by market share in the Akron area. Other national and regional tenants at the center include Papa John's, Subway and Super Cuts.

The Company's Phillips Edison sponsor also 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 11, 2015, the Company owned and managed an institutional quality retail portfolio consisting of 22 grocery-anchored shopping centers totaling 2.4 million square feet.  For more information on the Company, please visit the website at www.grocerycenterREIT2.com.

This press release contains forward-looking statements about our business, including, in particular, statements about our plans, strategies and objectives. You can generally identify forward-looking statements by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue" or other similar words. You should not rely on these forward-looking statements because the matters they describe are subject to the factors detailed under Risk Factors in our most recent Form 10-K and subsequent Form 10-Qs on file with the Securities and Exchange Commission as well as other known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control. Our actual results, performance and achievements may be materially different from that expressed or implied by these forward-looking statements.

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SOURCE Phillips Edison Grocery Center REIT II, Inc.

Related Links

http://www.grocerycenterreit2.com