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Stock impact report

Federal Realty (FRT) Acquires Congressional North Center for $72.3M in Maryland [Yahoo! Finance]

Federal Realty Investment Trust (FRT) 
Last federal realty investment trust earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.federalrealty.com
Company Research Source: Yahoo! Finance
Federal Realty Investment Trust (NYSE: FRT ) is included among the 14 Quality Stocks with Highest Dividends Federal Realty (FRT) Acquires Congressional North Center for $72.3M in Maryland Photo by Dan Dennis on Unsplash On March 16, Federal Realty Investment Trust (NYSE:FRT) announced the acquisition of the Congressional North Shopping Center in Montgomery County, Maryland, for $72.3 million. The property sits immediately next to Federal's Congressional Plaza. It is a grocery-anchored center with about 176,000 square feet of retail space spread across 13 acres. Key tenants include Aldi, RH Outlet, Petco, and Staples. The acquisition adds to Federal's presence along Rockville Pike (Route 355), one of the Washington DC Metro region's most established commercial corridors. Congressional North is located in a dense and affluent submarket. Federal already owns several assets there, including Congressional Plaza, Federal Plaza, Montrose Crossing, and Pike & Rose. These are some o Show less Read more
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