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Federal Realty Acquires Virginia Gateway in Dynamic & Affluent Northern Virginia - Federal Realty Investment (NYSE:FRT)

Summary by Benzinga
110-Acre Retail Hub with Market-Dominant Position and Strong Tenant Sales NORTH BETHESDA, Md., June 3, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) is pleased to announce the acquisition of Virginia Gateway, an approximately 665,000-square-foot irreplaceable regionally-dominant retail center spanning 110-acres in Gainesville, Virginia, for $215 million. The property is approximately 95% occupied and features strong tenant sale…

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Federal Realty Acquires Virginia Gateway in Dynamic & Affluent Northern Virginia - Federal Realty Investment (NYSE:FRT)

110-Acre Retail Hub with Market-Dominant Position and Strong Tenant Sales NORTH BETHESDA, Md., June 3, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) is pleased to announce the acquisition of Virginia Gateway, an approximately 665,000-square-foot irreplaceable regionally-dominant retail center spanning 110-acres in Gainesville, Virginia, for $215 million. The property is approximately 95% occupied and features strong tenant sale…

·New York, United States
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