Source: TRIANGLE BUSINESS JOURNAL

Phillips Edison-ARC: REIT buys Wilmington's Lumina Commons for $13.9M

An Ohio real estate investment trust that has been buying up grocery-anchored shopping centers across the country, including two in the Triangle, has acquired the Lumina Commons shopping center in Wilmington for $13.9 million. Phillips Edison-ARC Shopping Center REIT Inc. closed on the acquisition of the property earlier this week, according to a report in the Greater Wilmington Business Journal. Lumina Commons is the Harris Teeter-anchored shopping center at the intersection of Eastwood Road and…

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Est. Annual Revenue
$25-100M
Est. Employees
100-250
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