PHILLIPS EDISON & CO. ACQUIRES BRIDGEWATER FALLS

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FAIRFIELD TOWNSHIP, OHIO — Phillips Edison & Co.’s Strategic Investment Fund recently acquired Bridgewater Falls, a 600,000-square-foot regional shopping center in Fairfield Township. The approximately 54-acre property sale also includes ground leases to JC Penney, Chili’s, Max & Erma’s and Huntington Bank. The center is anchored by TJ Maxx, Best Buy, PetSmart, Dick’s Sporting Goods, Michaels, Target and Bed, Bath & Beyond. The seller and acquisition price were not disclosed. This acquisition marks the third property purchased by the company’s $70 million strategic investment fund.

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