Federal Realty (FRT) Closes Third Street Promenade Portfolio Sale

Image Source: Zacks Investment Research One such strategic investment is the recent acquisition of Virginia Gateway, a dominant 110-acre retail hub located in Gainesville, VA. This acquisition added approximately 665,000 square feet of prime retail space to Federal Realty's portfolio and underscored its commitment to owning and operating high-quality, high-traffic retail properties in affluent markets. A diverse tenant base and a focus on essential retail ensure steady cash flows. The company's efforts to d ...