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): September 25, 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

Crystal Beach Plaza

On September 25, 2013, the Company, through a wholly-owned subsidiary, purchased a grocery-anchored shopping center containing 59,015 rentable square feet located on approximately 5.9 acres of land in Palm Harbor, Florida (“Crystal Beach Plaza”) for approximately $12.1 million, exclusive of closing costs. The Company funded the purchase price with proceeds from its ongoing initial public offering. Crystal Beach Plaza was purchased from Crystal Beach Plaza Investors, LLC, a Florida limited liability company, which is not affiliated with the Company, its advisor or its sub-advisor.

Crystal Beach Plaza is 82.9% leased to eight tenants, including a Publix grocery store, which occupies approximately 66.4% of the total rentable square feet of the shopping center. Based on the current condition of Crystal Beach Plaza, the Company’s management does not believe that it will be necessary to make significant renovations to the property. The Company’s management believes Crystal Beach Plaza is adequately insured.

CitiCentre Plaza

On October 2, 2013, Phillips Edison – ARC Shopping Center REIT Inc. (the “Company”), through a wholly-owned subsidiary, purchased a grocery-anchored shopping center containing 63,518 rentable square feet located on approximately 7.3 acres of land in Carroll, Iowa (“CitiCentre Plaza”) for approximately $3.75 million, exclusive of closing costs. The Company funded the purchase price with proceeds from its ongoing initial public offering. CitiCentre Plaza was purchased from Davis-HV, LLC, an Iowa limited liability company, which is not affiliated with the Company, its advisor or its sub-advisor.

CitiCentre Plaza is 87.7% leased to six tenants, including a Hy-Vee grocery store, which occupies approximately 71.8% of the total rentable square feet of the shopping center. Based on the current condition of CitiCentre Plaza, the Company’s management does not believe that it will be necessary to make significant renovations to the property. The Company’s management believes CitiCentre Plaza is adequately insured.

Press Release

On October 7, 2013, the Company issued a press release announcing its acquisition of CitiCentre Plaza and Crystal Beach Plaza.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1    Press Release dated October 7, 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: October 7, 2013	By:	/s/ R. Mark Addy
		R. Mark Addy
		Co-President and Chief Operating Officer

EX-99.1

  

CONTACTS From: Tony DeFazio	For: Emily Leverone Director of Investor Relations
DDCworks	Phillips Edison – ARC Shopping Center REIT Inc.
tdefazio@ddcworks.com	eleverone@phillipsedison.com
Ph: (484) 342-3600	Ph: (513) 746-2595

FOR IMMEDIATE RELEASE

Phillips Edison–ARC Shopping Center REIT Inc. Acquires Two Grocery-Anchored Shopping Centers, Including First Property in Iowa

CINCINNATI, OH, October 7, 2013 — Phillips Edison–ARC Shopping Center REIT Inc. (the “Company”) today announced the acquisition of two grocery-anchored shopping centers. These acquisitions added the first Hy-Vee grocery store-anchored shopping center, and a Publix grocery store-anchored shopping center to the Company’s portfolio. The Company has also expanded its portfolio’s geographic diversity by adding its first shopping center located in Iowa.

CitiCentre Plaza is a 63,518 square foot shopping center located in Carroll, Iowa, approximately 90 miles northwest of Des Moines with a market drawing of over 30 miles. The shopping center is anchored by a 45,613 square foot Hy-Vee grocery store, the No. 1 traditional grocer by market share in the area.

Crystal Beach Plaza is a 59,015 square foot shopping center located in Palm Beach Harbor, Florida, approximately 30 miles northwest of Tampa, Florida. The shopping center is anchored by a 39,203 square foot Publix grocery store. Publix is the No. 1 traditional grocer by market share in the greater Tampa area.

With the acquisitions of CitiCentre and Crystal Beach, the Company’s current portfolio is comprised of interests in 59 properties anchored by 23 leading grocers in 21 states, with an aggregate portfolio purchase price of approximately $857 million.

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 Company 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 October 3, 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 59 grocery-anchored shopping centers totaling approximately 6.2 million square feet. For more information on the Company, please visit the website at www.phillipsedison-arc.com.

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