CINCINNATI—Phillips Edison-ARC Shopping Center REIT Inc. has hired industry veteran Devin I. Murphy as its chief financial officer, treasurer and secretary. Murphy has over 25 years of experience with real estate investment banking and will work closely with Jeffrey Edison, co-chairman of the board and chief executive officer; John Bessey, co-president and chief investment officer; and R. Mark Addy, co-president and chief operating officer

“He complements Phillips Edison-ARC, which is dedicated to building a diverse portfolio of top-performing grocery-anchored shopping centers throughout the United States,” says Edison. “Devin’s proven ability to successfully manage the strategic and financial requirements as a trusted advisor to many of the world’s largest real estate companies expands the capabilities of the company as we continue to execute our investment objectives.”

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