-+ 0.00%
-+ 0.00%
-+ 0.00%

Phillips Edison expands Northwestern Mutual joint venture in $377.5 million shopping center deal

PUBT·10/01/2026 21:49:39
Listen to the news
Phillips Edison expands Northwestern Mutual joint venture in $377.5 million shopping center deal
  • Phillips Edison expanded its joint venture with Northwestern Mutual, extending Grocery Retail Partners I’s term by 10 years to 2036.
  • Venture to acquire 13 grocery-anchored shopping centers from Phillips Edison, valued at about $377.5 million.
  • Northwestern Mutual to hold about 86% of the joint venture; Phillips Edison to retain about 14%.
  • Phillips Edison to provide leasing, asset management, property management services, generating recurring fee income.
  • Transfers to occur in stages, with additional closings expected by early 2027.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips Edison & Co. Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610011749PRIMZONEFULLFEED9838320) on October 01, 2026, and is solely responsible for the information contained therein.