Phillips Edison, ARC REIT buys two Gulf Coast centers, 13 others

BUYER: Goolsby Pointe Station LLC (Edison Phillips), Cincinnati
SELLER: Mept Goolsby Point LLC
PROPERTY: 11539-11709 Boyette Road, Riverview
PRICE: $10.85 million
PREVIOUS PRICE: $8.71 million, May 2011

BUYER: Wesley Chapel Station LLC (Edison Phillips), Cincinnati
SELLER: Mept Towne Centre Wesley
PROPERTY: 27327-27424 Wesley Chapel Blvd., Wesley Chapel
PRICE: $9 million
PREVIOUS PRICE: $9.24 million, May 2011
LAW FIRM ON DEED: Honigman Miller Schwartz and Cohn LLP, Bloomfield Hills, Mich.

PLANS, DESCRIPTION:
A real estate investment trust connected to Cincinnati-based retail development firm Phillips Edison & Co. acquired two Gulf Coast shopping centers as part of a recent 15-center expansion.