Jan
14
Federal Realty Buys Out Partner for $154M
ByOutstanding speaker lineup! Hear from the experts at RealShare Industrial West. The Westin Long Beach, January 19-20.
A Federal Realty holding
ROCKVILLE, MD—Federal Realty Investment Trust has bought out its JV partner, a fund advised by ING Clarion Partners, in six shopping centers for a total of $154 million. It paid $130 million in cash, with the remainder its allocable share of mortgage debt.
The 820,000-square foot portfolio includes the Atlantic Plaza and Campus Plaza in the Boston market; Greenlawn Plaza on Long Island, NY; the Free State Shopping Center and Plaza del Mercado, both in Suburban Maryland; and Barcroft Plaza in Northern Virginia…
