Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - PHILLIPS EDISON GROCERY CENTER REIT II, INC. | bethanyvillagepressrelease.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
FORM 8-K
_____________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 18, 2014 (March 14, 2014)
_____________________________________________
PHILLIPS EDISON – ARC GROCERY CENTER REIT II, INC.
(Exact name of registrant specified in its charter)
_____________________________________________
Maryland | 333-190588 | 61-1714451 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | IRS Employer Identification No. |
11501 Northlake Drive
Cincinnati, Ohio 45249
(Address of principal executive offices)
Registrant’s telephone number, including area code: (513) 554-1110
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01. Completion of Acquisition or Disposition Assets.
Bethany Village Shopping Center
On March 14, 2014, Phillips Edison - ARC Grocery Center REIT II, Inc. (the “Company”), through a wholly-owned subsidiary, purchased a grocery-anchored shopping center containing 81,674 rentable square feet located on approximately 12.32 acres of land in Alpharetta, Georgia (“Bethany Village Shopping Center”) for approximately $11.2 million, exclusive of closing costs. The Company funded the purchase price with proceeds from its ongoing initial public offering. Bethany Village Shopping Center was purchased from MEPT Bethany Village LLC, a Delaware limited liability company, which is not affiliated with the Company, its advisor or its sub-advisor.
As of March 18, 2014, Bethany Village Shopping Center is approximately 93.3% leased to twelve tenants, including a Publix grocery store, which occupies approximately 63.3% of the total rentable square feet of the shopping center. Based on the current condition of Bethany Village Shopping Center, the Company’s management does not believe that it will be necessary to make significant renovations to the property. The Company’s management believes Bethany Village Shopping Center is adequately insured.
Item 8.01. Other Events.
Press Release
On March 18, 2014, the Company issued a press release announcing its acquisition of Bethany Village Shopping Center. A copy of such press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description |
99.1 | Press Release dated March 18, 2014. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PHILLIPS EDISON – ARC GROCERY CENTER REIT II, INC. | ||
Dated: March 18, 2014 | By: | /s/ R. Mark Addy |
R. Mark Addy | ||
Co-President and Chief Operating Officer | ||