Phillips Edison-ARC Grocery Center REIT II Acquires Shopping Center for $18.9M

ST. LOUIS — Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Southfield Center, a 109,397-square-foot shopping center in St. Louis, for $18.9 million. The REIT acquired the property from Fortune Southfield Co., a Missouri-based limited liability company. Southfield Shopping Center is fully leased to 19 tenants. A Schnucks grocery store anchors the shopping center. Other tenants at the center include Edward Jones, Jefferson Bank and Trust, Great Clips and FedEx Office.