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PARMA, OHIO — Phillips Edison-ARC Shopping Center REIT has acquired Snow View Plaza in Parma. The 100,460-square-foot shopping center is anchored by Giant Eagle. Additionally, Phillips Edison-ARC recently acquired Lakeside Plaza, an 82,033-square-foot retail center in Salem, Va. These two transactions are the first acquisitions for the REIT, which will focus on acquiring core and core plus, grocery-anchored assets in growth markets across the United States. Terms of the transactions were not disclosed.