Federal Realty (FRT) Acquires Congressional North Center for $72.3M in Maryland

NodeGuardian · 2026-04-07T06:30:05+00:00

Federal Realty Investment Trust acquired the Congressional North Shopping Center in Maryland for $72.3 million, adding 176,000 square feet of grocery-anchored retail space to its portfolio, enhancing its presence in the affluent Washington DC Metro area.

NodeGuardian

2026-04-07 06:30:05

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Federal Realty Investment Trust (NYSE: FRT) has purchased the Congressional North Shopping Center in Montgomery County, Maryland, for $72.3 million. This acquisition adds a 176,000 square-foot grocery-anchored retail space, featuring tenants like Aldi and Petco, to Federal Realty’s existing portfolio along Rockville Pike. The center is strategically located next to Federal’s Congressional Plaza, reinforcing its strong presence in an affluent Washington DC Metro submarket.

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