Federal Realty Pays $72M for Another Retail Plaza in Southern Maryland

Grocery-anchored retail has become commercial real estate’s most reliable sector, including for Federal Realty Investment Trust. The North Bethesda, Md.-based, retail-focused real estate investment trust paid $72.3 million for Congressional North Shopping Center in Rockville, Md. The Aldi-anchored plaza, sold by local investment firm Cohen Siegel Investors, spans 176,000 square feet on 13 acres. Other […]