Walmart Neighborhood Market Signs Lease at Nor-Dan Shopping Center in Danville, VA

CINCINNATI, May 18, 2015 /PRNewswire/ -- Phillips Edison & Company announced today that Walmart has signed a 42,000-square-foot lease to open a Neighborhood Market at Nor-Dan Shopping Center in Danville, VA. The store is planned to open in 2016 and will employ approximately 95 people.

"The Walmart Neighborhood Market will be an outstanding addition to Nor-Dan, and we are excited for our center to host the first Neighborhood Market in the Danville area," said Ron Meyers, Senior Vice President of Leasing of Phillips Edison. "We are pleased to expand our relationship with Walmart and bring another Neighborhood Market to a community we serve," he said.

"We have a great customer base in the area and are excited to bring our Neighborhood Market store to Danville," said Amanda Henneberg, Director of Communications, Walmart.  "Grocery is an area that customers have come to expect from Walmart because they know we can offer a broad assortment of fresh food at a low price," she added. 

Walmart Neighborhood Markets were designed in 1998 as a smaller-footprint option for communities in need of a pharmacy, affordable fresh groceries and select household merchandise. Neighborhood Markets also give customers access to items online through their Site to Store service, which makes all of the merchandise of Walmart.com available for purchase and delivered for free right to your hometown store.

Nor-Dan Shopping Center is a 161,428-square-foot community center located at the intersection of Nor-Dan Drive and Rt. 29, Danville's main artery. The center is anchored by Big Lots and It's Fashion Metro.

About Phillips Edison & Company

Since 1991, Phillips Edison & Company has focused on the grocery-anchored shopping center sector.  The company has a fully integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience. Led by a veteran management team, Phillips Edison's operating platform provides retail services including acquisition, redevelopment, leasing and management of grocery-anchored retail centers. 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

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http://www.phillipsedison.com

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