A company specialized in the acquisition, leasing and operation of grocery-anchored neighborhood and community shopping centers, Phillips Edison & Company opened two new offices in New York City and Atlanta, Georgia.
The firm said “these offices will further expand the company's presence throughout the northeastern and southeastern regions of the country in an effort to better serve the needs of their clients, investors and associates."
Located in Rockefeller Center, the New York City office will facilitate the company's relationships with the finance community, while serving as a primary regional location in the northeast.
"Manhattan is a world financial center, and we felt it was in the best interest of our company and investors to establish a frontline presence there led by our CFO, Devin Murphy," says Bob Myers, Chief Operating Officer of Phillips Edison & Company.
"The opening of our New York office is a strategic move to best serve the needs of our investors as well as provide the necessary tools for our company to grow," says Murphy. "This is an important opportunity for the company to have more direct exposure in the capital markets."
Additionally, Phillips Edison has opened a regional office in Atlanta which will serve primarily as a leasing and property management office. The 3,500-square-foot Class A office is located in the Concourse Corporate Center, one of the most prestigious mixed-use developments in the southeastern United States.
"We own and operate more than 100 properties throughout the Southeast and with Atlanta being the nucleus of the region, it was another proactive step that we felt was necessary to better serve our clients and associates," explains Myers.