Phillips Edison Grocery Center REIT II, Inc. Expands Portfolio in Florida

CINCINNATI, May 11, 2015 /PRNewswire/ -- Phillips Edison Grocery Center REIT II, Inc. (the "Company") today announced it has added another property in the state of Florida to its portfolio.

Ocean Breeze Plaza is a 96,192 square foot grocery store-anchored shopping center in Jensen Beach, Florida, a suburb located in the Port St. Lucie metropolitan statistical area, which is part of the Florida Research Coast. Ocean Breeze Plaza is anchored by Publix, the number one grocer by market share in greater Port St. Lucie. The center also features national and regional tenants Dunkin Donuts, Subway and Big Apple Pizza.

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 May 11, 2015, the Company owned and managed an institutional quality retail portfolio consisting of 28 grocery-anchored shopping centers totaling 3.1 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