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CINCINNATI—Phillips Edison-ARC Shopping Center REIT Inc. has been on a buying spree lately and shows no sign of slowing down. The Cincinnati-based trust just added their first property in Missouri, and another in California, to their growing shopping center portfolio. They have reached over $700 million in acquisitions.  

The California property, Contra Loma, is a 74,616-square-foot center in Antioch, CA, about 45 miles northeast of San Francisco. A Save Mart grocery store, the No. 2 traditional grocer by market share in the San Francisco market, anchors the center, the first such property in the company’s portfolio.

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