0001144204-13-037417.txt : 20130701 0001144204-13-037417.hdr.sgml : 20130701 20130701114129 ACCESSION NUMBER: 0001144204-13-037417 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130701 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130701 DATE AS OF CHANGE: 20130701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Phillips Edison - ARC Shopping Center REIT Inc. CENTRAL INDEX KEY: 0001476204 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 271106076 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54691 FILM NUMBER: 13943370 BUSINESS ADDRESS: STREET 1: 11501 NORTHLAKE DRIVE CITY: CINCINNATI STATE: OH ZIP: 45249 BUSINESS PHONE: 513-554-1110 MAIL ADDRESS: STREET 1: 11501 NORTHLAKE DRIVE CITY: CINCINNATI STATE: OH ZIP: 45249 8-K 1 v349084_8k.htm 8-K

  

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

  

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 1, 2013

  

PHILLIPS EDISON – ARC SHOPPING CENTER REIT INC.

(Exact name of registrant specified in its charter)

  

Maryland 000-54691 27-1106076

(State or other jurisdiction of

incorporation or organization)

 (Commission File Number)

IRS Employer

Identification No.

 

11501 Northlake Drive

Cincinnati, Ohio 45249

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (513) 554-1110

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 
 

 

Item 8.01. Other Events

 

On July 1, 2013, Phillips Edison – ARC Shopping Center REIT Inc. issued a press release announcing its recent acquisition of four grocery-anchored shopping centers.

 

Item 9.01. Financial Statements and Exhibits

 

(c) Exhibits

99.1 Press Release dated July 1, 2013

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  PHILLIPS EDISON – ARC SHOPPING CENTER REIT INC.
   
Dated: July 1, 2013 By:

/s/ R. Mark Addy

 

 

R. Mark Addy

 

 

Co-President and Chief Operating Officer

 

 

 

 

 EX-99.1 2 v349084_ex99-1.htm EX-99.1

 

 

CONTACTS

From: Tony DeFazio

  

For: Jennifer Weingartner

Director of Investor Relations

DDCworks   Phillips Edison – ARC Shopping Center REIT Inc.
tdefazio@ddcworks.com   jweingartner@phillipsedison.com
Ph: (484) 342-3600   Ph: (513) 619-5058

 

FOR IMMEDIATE RELEASE

Phillips Edison–ARC Shopping Center REIT Inc. Surpasses $650 Million in Total Portfolio Acquisitions

 

CINCINNATI, OH, July 1, 2013 — Phillips Edison–ARC Shopping Center REIT Inc. (the “Company”) today announced that it has acquired four (4) grocery-anchored shopping centers at an aggregate purchase price of approximately $117 million. These acquisitions further diversify the Company’s portfolio by including the Company’s first acquisitions in New Mexico and Wisconsin. The Company also purchased its first property in Austin, Texas.

 

The four acquisitions bring the Company’s total portfolio to 46 properties anchored by 18 leading grocers, in 18 states, with a portfolio aggregate purchase price of approximately $650.7 million.

 

Shiloh Square is a 139,720 square foot shopping center located in the Atlanta, Georgia metropolitan area. The shopping center is anchored by a Kroger grocery store, the No. 1 grocery store in the Atlanta area by market share. Approximately 70 percent of the rents at the shopping center come from national tenants.

 

Northcross is a 280,243 square foot shopping center located in Austin, Texas. The shopping center is anchored by a 98,800 square foot Walmart Supercenter which is on a long-term lease through March 2029. Other national tenants at this shopping center include Walgreens, Game Stop, GNC, Guitar Center, Great Clips, and Weight Watchers.

 

Glenwood Crossings is an 87,504 square foot shopping center located in the Milwaukee, Wisconsin metropolitan area. The shopping center is anchored by a 55,000 square foot Pick ‘n Save grocery store, which is a banner of Roundy’s (NYSE: RNDY). Pick ‘n Save is the No. 1 grocer by market share in the Milwaukee market.

 

The Pavilions at San Mateo is a 151,451 square foot shopping center located in Albuquerque, New Mexico. The shopping center is anchored by a 36,926 square foot Walmart Neighborhood Market grocery store. Walmart is the No. 1 grocer by market share in the Albuquerque area. Approximately 84 percent of the rents at the shopping center come from national tenants.

 

About Phillips Edison – ARC Shopping Center REIT Inc.

Phillips Edison-ARC Shopping Center REIT Inc. is a public non-traded REIT that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services, in strong demographic markets throughout the United States. The REIT is co-sponsored by two industry leaders: Phillips Edison & Company, who has acquired over $2.3 billion in shopping centers throughout the United States, and AR Capital, LLC, a real estate investment program sponsor dedicated to governance best practices. As of July 1, 2013, the Company owned, directly or indirectly through a joint venture in which it has a controlling interest, and managed an institutional quality retail portfolio consisting of 46 grocery-anchored shopping centers totaling approximately 4.9 million square feet. For more information on the company, please visit the website at www.phillipsedison-arc.com.

###

 

 

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