Clackamas, Oregon – Our information for the day is from the Pacific Northwest. We see that Phillips Edison & Company’s Fund IV has purchased Johnson Creek Shopping Center. This Retail Shopping Center is a 106,709-square-foot commercial property located in Clackamas, Oregon. Clackamas is a suburb of Portland. The Retail shopping center was acquired through an all-cash transaction. It is anchored by Trader Joe’s and Wholesale Sports. This Net Leased Property also has a Walgreen’s.
This Retail shopping center acquisition focus was on a well-located anchored property. The center’s anchor tenancy and prime location in a strong retail corridor just off I-205 make it an attractive investment property.
The Chief Investment Officer of Phillips Edison’s mentioned their position as one of the few operating companies that has the debt and equity in place to purchase value-add and opportunistic shopping centers throughout the United States. This is a great addition to their Investment Property Portfolio.
There Retail Shopping Center currently has multiple spaces available for lease to get in with their main Anchor Tenants. This Retail Shopping Center has great parking and visibility. The Retail Shopping Center, Johnson Creek Crossing, is located on the main thoroughfare of 82nd Avenue in Clackamas, Oregon.
Phillips Edison & Company is a fully integrated retail commercial real estate company which owns and manages more than 240 neighborhood and retail shopping centers. Their Investment Property Portfolio totals over 26 million square feet in 35 states. The company has headquarters in Cincinnati and Salt Lake City, as well as regional offices across the country.
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