Federal Realty Investment Trust Announces Acquisition Of Kingstowne Towne Center In Northern Virginia
Apr 21, 2022•over 3 years ago
Acquiring Company
Federal Realty Investment Trust
Acquired Company
Kingstowne Towne Center
Description
Federal Realty Investment Trust (NYSE: FRT) is acquiring Kingstowne Towne Center in Kingstowne, Virginia for a total purchase price of $200 million. The acquisition will close in two phases. Federal Realty has closed on phase one of the acquisition for $100 million and expects to close on phase two for $100 million in July, subject to customary closing conditions. Combined, the property comprises 410,000 square feet of retail space on 45 acres of land.
M&A Insights
Based on deal dataIntegration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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