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ALPHARETTA, GA. — Phillips Edison-ARC Grocery Center REIT II has announced the acquisition of its first grocery-anchored shopping center, Bethany Village, an 81,674-square-foot shopping center in Alpharetta, an affluent suburb of Atlanta. Bethany Village is anchored by a 51,674-square-foot Publix grocery store. Other tenants include Marco’s Pizza, Subway and Workout Anytime. Bentall Kennedy, a Canadian-based real estate advisory and services organization, sold the property to the public, non-traded REIT. The sales price has not been disclosed.