PECO - Expansion In Full Swing: Phillips Edison Acquires Texas-Based Lake Pointe Market | Benzinga
Phillips Edison & Company, Inc. (NASDAQ: PECO) has acquired Lake Pointe Market, a grocery-anchored neighborhood shopping center in Rowlett, Texas. The financial terms were not disclosed.
Lake Pointe Market is a 96.7%-occupied, 40,600-square-foot grocery-anchored neighborhood shopping center.
The acquisition marks PECO's 12th shopping center in the greater Dallas/Fort Worth Metroplex.
"As previously announced, we plan to acquire $200 ...