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-0.000295595625184758 -0.000443393437777138 -0.000394127500246391 0 -0.000344861562715645 -0.00197063750123168 -0.00197063750123168 -0.00197063750123168
Stock impact report

Federal Realty Acquires Virginia Gateway in Dynamic & Affluent Northern Virginia [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
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 sales and high traffic counts in an affluent and growing market. Situated at the intersection of Route 29 and I-66, Virginia Gateway is a prominent retail and entertainment hub with exceptional visibility and access, drawing visitors from a wide regional trade area. In 2023, the property ranked third in Virginia for annual visits, according to Placer.ai, just behind Tysons Corner . The high traffic volumes drive strong tenant sales at the property across categories, but particularly in food and beverage. Virginia Gateway offers a diverse and unique mix of tenants and experiences across its 110-acres, organized into five distinct compon Show less Read more
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