Phillips Edison Grocery Center REIT II, Inc. Acquires Two Properties

CINCINNATI, April 8, 2015 /PRNewswire/ -- Phillips Edison Grocery Center REIT II, Inc. (the "Company") today announced it has acquired two grocery-anchored shopping centers, expanding its portfolio in Ohio and acquiring its first shopping center in the state of Maryland.

Glenwood Crossing is a 101,021 square-foot Kroger grocery store-anchored shopping center located in Cincinnati, Ohio, home of Kroger's corporate headquarters. Kroger is the number one grocer in the Cincinnati metropolitan statistical area by market share. This location features a Kroger fuel station and includes national retailers Dollar Tree, GNC, Pizza Hut and Metro PCS.

Rosewick Crossing is a 115,972 square-foot Giant grocery store-anchored shopping center located in La Plata, Maryland, located approximately 25 miles south of Washington, D.C. Giant is the number one grocer in the Washington D.C. metropolitan statistical area by market share. Rosewick Crossing features national tenants Pizza Hut, Hair Cuttery, OneMain Financial, Five Guys and Game Stop.

Waterford Park Plaza is a Cub Foods grocery store-anchored shopping center located in Plymouth, Minnesota, a suburb of Minneapolis. Cub Foods is the number one grocer in the Minneapolis-St. Paul area by market share. Waterford Park Plaza features national and regional tenants Caribou Coffee, Edward Jones, Fantastic Sams, Huntington Learning Center, Tuesday Morning and Sherwin Williams.

The Company's sponsor, Phillips Edison, 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 April 7, 2015, the Company owned and managed an institutional quality retail portfolio consisting of 27 grocery-anchored shopping centers totaling over 3.0 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.

Logo - http://photos.prnewswire.com/prnh/20141210/163791LOGO

SOURCE Phillips Edison Grocery Center REIT II, Inc.

Related Links

http://www.grocerycenterREIT2.com