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CARROLL, IOWA — Phillips Edison–ARC Shopping Center REIT Inc. has acquired its first shopping center in Iowa for $3.8 million. CitiCentre Plaza is a 63,518-square-foot shopping center in Carroll, located approximately 90 miles northwest of Des Moines. Hy-Vee grocery store occupies 45,613 square feet, anchoring the center. CitiCentre Plaza is 87.7 percent leased to six tenants. Davis-HV LLC sold the property to Phillips Edison.