Phillips Edison & Company, a retail real estate owner, manager and developer, announced the purchase of Walled Lake Commons in Walled Lake, Michigan. This is a 90,675 square foot center anchored by Farmer Jack. Walled Lake is the third center that Phillips Edison has purchased in the state of Michigan.

"Walled Lake is a neighborhood center located on a strong intersection in northwest Detroit that will benefit from our leasing focus as well as our proactive property management," said Mark Addy, Chief Operating Officer of Phillips Edison & Company.

Phillips Edison & Company, with offices in Baltimore, Maryland, Cincinnati, Ohio and Salt Lake City, Utah, owns and manages 142 neighborhood and community shopping centers totaling over 17.5 million square feet in 25 states. Specializing in the acquisition and redevelopment of under-performing grocery anchored shopping centers, Phillips Edison & Company is a fully integrated real estate company that acquires, develops, redevelops, leases and manages its retail real estate portfolio.