US EditionFederal Realty Acquires Congressional North Shopping Center in Montgomery County, Maryland - Federal Realty Investment (NYSE:FRT)
Federal Realty strengthens its control of Rockville Pike retail with a 176,000-square-foot grocery-anchored center, enhancing a dominant submarket portfolio.
- On March 16, 2026, Federal Realty Investment Trust announced the acquisition of Congressional North Shopping Center for $72.3 million in North Bethesda, Maryland.
- To deepen its control along Rockville Pike, Federal Realty expanded its presence in the Washington region's dominant retail corridor, with Don Wood, President and Chief Executive Officer, saying 'With this acquisition, we now control the key retail nodes along Rockville Pike from Bethesda through Rockville'.
- Located immediately adjacent to Federal's Congressional Plaza, Congressional North is grocery-anchored with approximately 176,000 square feet on 13 acres and anchors Aldi, RH Outlet, Petco, and Staples.
- The acquisition increases Federal Realty's portfolio scale by adding to its 104 properties, approximately 28.8 million commercial square feet, 3,700 tenants, and 2,700 residential units as of December 31, 2025.
- Federal Realty, an established REIT, has raised its quarterly dividend for 58 consecutive years and operates notable mixed-use destinations such as Santana Row, Pike & Rose, and Assembly Row.
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Federal Realty Acquires Congressional North Shopping Center in Montgomery County, Maryland - Federal Realty Investment (NYSE:FRT)
Acquisition expands Federal Realty's control along the Region's Most Dominant Retail Corridor NORTH BETHESDA, Md., March 16, 2026 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) today announced the acquisition of Congressional North Shopping Center in Montgomery County, Maryland, for $72.3 million. Located immediately adjacent to Federal's Congressional Plaza, this grocery-anchored property includes approximately 176,000 square feet o…
Federal Realty Acquires Congressional North Shopping Center in Maryland for $72.3 Million
Rockville, Md. — Federal Realty Investment Trust (FRT) has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, approximately 12 miles northwest of Washington, D.C., for $72.3 million. Aldi… The post Federal Realty Acquires Congressional North Shopping Center in Maryland for $72.3 Million appeared first on Shopping Center Business.
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