Federal Realty Buys Out Partner for $154M


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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…

Federal Realty Buys Out Partner for $154M

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