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): August 30, 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

Yorktown Centre

On August 30, 2013, Phillips Edison – ARC Shopping Center REIT Inc. (the “Company”), through a wholly-owned subsidiary, purchased a grocery-anchored shopping center containing 196,728 rentable square feet located on approximately 19.9 acres of land in Erie, Pennsylvania (“Yorktown Centre”) for approximately $21.4 million, exclusive of closing costs. The Company funded the purchase price with proceeds from its ongoing initial public offering. Yorktown Centre was purchased from 79 Realty Corporation, a Pennsylvania corporation, which is not affiliated with the Company, its advisor or its sub-advisor.

Yorktown Centre is 100% leased to 29 tenants, including a Giant Eagle grocery store, which occupies approximately 44.4% of the total rentable square feet of the shopping center. Based on the current condition of Yorktown Centre, the Company’s management does not believe that it will be necessary to make significant renovations to the property. The Company’s management believes Yorktown Centre is adequately insured.

Press Release

On September 4, 2013, the Company issued a press release announcing its acquisition of Yorktown Centre.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

99.1 Press Release dated September 4, 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: September 4, 2013	By:	/s/ R. Mark Addy
			R. Mark Addy
			Co-President and Chief Operating Officer

EX-99.1

Exhibit 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. Acquires Giant Eagle Grocery Store Anchored Shopping Center

CINCINNATI, OH, September 4, 2013 — Phillips Edison–ARC Shopping Center REIT Inc. (the “Company”) today announced the acquisition of Yorktown Centre, a 196,728 square foot shopping center, located in Erie, Pennsylvania, approximately 100 miles northeast of Cleveland, Ohio. Yorktown Centre is currently 100 percent occupied.

Yorktown Centre is anchored by a Giant Eagle grocery store. Giant Eagle is the No. 2 grocer by market share in the Erie, Pennsylvania market.

The acquisition of Yorktown Centre brings the Company’s total portfolio to 53 properties with 21 leading grocers in 19 states, with an aggregate portfolio purchase price of approximately $767.7 million.

The Company is a public non-traded REIT focused on the acquisition and management of well-occupied grocery-anchored, neighborhood shopping centers throughout the United States.

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 September 4, 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 53 grocery-anchored shopping centers totaling approximately 5.7 million square feet. For more information on the company, please visit the website at www.phillipsedison-arc.com.

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