REIT ACQUIRES SHOPPING CENTER IN PALM BEACH HARBOR

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PALM BEACH HARBOR, FLA. — Phillips Edison-ARC Shopping Center REIT Inc. has acquired Crystal Beach Plaza, a 59,015-square-foot shopping center located in Palm Beach Harbor, about 30 miles northwest of Tampa. The shopping center is anchored by a 39,203-square-foot Publix. The REIT’s current portfolio includes 59 properties in 21 states, with an aggregate portfolio purchase price of about $857 million.

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