SPRING - Phillips Edison-ARC Shopping Center REIT Inc. acquired Kleinwood Center, a 148,963-sf retail property at 7312 Louetta Rd., for $32.5 million.
Located at the intersection of Louetta and Stuebner Airline Roads, the H-E-B anchored center is 92 percent occupied.
The seller was Charter Hall Retail REIT and Regency Centers Corp.
Source: Phillips Edison & Company
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