Phillips Edison & Co. Acquires Retail Asset At 20900 Westgate Mall Drive For $51.5M

The asset involved in this transaction is a retail property located at 20900 Westgate Mall Drive in Cleveland, OH. The property comprises 311,442 square feet and was sold for $51,500,000.00.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $51,500,000.00
• Buyer: Phillips Edison & Co.
• Seller: The RH Johnson Co.
• Market: Cleveland, OH

Phillips Edison & Co. acted as the buyer in this transaction, while The RH Johnson Co. represented the seller. The successful conclusion of this deal reflects the interests of both companies in the retail sector.