Owner and operator of grocery-anchored shopping centers across the United States.
Phillips Edison & Company, Inc. (PECO), an internally-managed real estate investment trust (REIT), stands as a major player in the grocery-anchored shopping center sector nationwide. Known for its robust portfolio, PECO owns and operates a diversified collection of neighborhood shopping centers strategically anchored by grocery stores. These centers are located in key markets across the United States and cater to both national and regional retailers offering essential goods and services.
The company's vertically-integrated operating platform enables it to effectively manage a substantial portfolio comprising 309 properties. Among these, PECO owns 283 properties outright, totaling approximately 31.7 million square feet of leasable space spread across 31 states (as of September 30, 2020). This expansive footprint underscores PECO's commitment to maintaining high occupancy rates and enhancing tenant satisfaction.
With a history spanning over 29 years, PECO has consistently deliivered robust operating performance. The company has forged strategic partnerships with prominent institutional investors in the commercial real estate sector, such as TPG Real Estate and The Northwestern Mutual Life Insurance Company, further solidifying its industry presence and financial strength.
Dedicated to community enrichment and retail excellence, Phillips Edison & Company, Inc. remains steadfast in its mission to create exceptional grocery-anchored shopping experiences. By prioritizing the enhancement of local communities, PECO continues to elevate the value and appeal of its shopping centers across the nation.