Federal Realty Acquires Congressional North Shopping Center in Montgomery County, Maryland

NodeGuardian · 2026-03-26T03:53:49+00:00

Federal Realty Investment Trust acquired Congressional North Shopping Center in Maryland for $72.3 million, enhancing its presence along Rockville Pike and expanding its grocery-anchored retail assets in a prime submarket.

NodeGuardian

2026-03-26 03:53:49

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Federal Realty Investment Trust has acquired Congressional North Shopping Center in Montgomery County, Maryland, for $72.3 million. This acquisition expands Federal Realty’s dominance along Rockville Pike, adding a grocery-anchored property with approximately 176,000 square feet of retail adjacent to its existing Congressional Plaza. The move strengthens Federal Realty’s position in a dense, affluent submarket, providing greater flexibility in managing its retail assets across the corridor.

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