Phillips Edison & Company, Inc. recently acquired West Village Center, a 142,724-square-foot shopping center in Chanhassen, Minnesota.
The acquisition serves to bolster PECO’s presence in Minnesota, representing its 11th shopping center in the Minneapolis-St. Paul metropolitan area.
West Village Center is anchored by a 64,643-square-foot Lunds & Byerlys — one of the strongest boutique grocery chains in the country – and features a mix of service, medical and specialty retailers including Party City, TCF Bank, FedEx, OfficeMax, Caribou Coffee, Great Clips, a nail salon and an orthodontic office.
Located at the heart of Chanhassen just off of Route 5, the shopping center is at the nexus of an area with more than 49,000 residents with an average household income of more than $161,500.
