Charleston’s North Pointe Plaza Sold to REIT


north point plazaPhillips Edison Grocery Center REIT II, Inc. is pleased to announce it has acquired the junior boxes at North Pointe Plaza in Charleston, South Carolina.

The junior boxes, which total 50,000 square feet and are occupied by AC Moore and Dollar Tree, are located within the 323,996 square foot North Pointe Plaza property that the Company purchased last year. With this acquisition, the Company assumed full control over the leasing and property management of the entire center and its diverse merchandise mix. Anchored by Walmart Supercenter, the market’s leading grocer, North Pointe Plaza also features a variety of other leading national and regional concepts including Rooms To Go, Dollar Tree, Sally Beauty Supply, Advance America, Petco and Liberty Tax Service. Conveniently positioned at the intersection of Ashley Phosphate Road and Rivers Avenue, North Point Plaza is situated in a high traffic area with 103,000 vehicles passing daily.

The sale was part of a two-property acquisition, and the sales price was not provided.

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