Business
Federal Realty Acquires Congressional North Shopping Center in Montgomery County, Maryland
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 of retail on 13 acres and is anchored by Aldi, RH Outlet, Petco, and Staples.
About this update from Federal Realty Investment Trust
[{"type":"text","content":"Acquisition expands Federal Realty's control along the Region's Most Dominant Retail Corridor","length":101,"tagName":"p","attribs":{}},{"type":"text","content":"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 of retail on 13 acres and is anchored by Aldi, RH Outlet, Petco, and Staples.","length":435,"tagName":"p"},{"type":"image","alt":"Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. (PRNewsfoto/Federal Realty Investment Trust)","displaySize":"","headline":null,"caption":"Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. (PRNewsfoto/Federal Realty Investment Trust)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":156,"url":"https://media.zenfs.com/en/prnewswire.com/4856615d128d21fbe0a3735f8286a8f2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jkV8BH6R__y_wrNOwoj5Yg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4856615d128d21fbe0a3735f8286a8f2","width":400,"height":156}},"href":"https://mma.prnewswire.com/media/1141400/Federal_1962.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The acquisition deepens Federal's presence along Rockville Pike (Route 355), the Washington DC Metro region's most established commercial corridors. Congressional North sits within a dense, affluent submarket where Federal already owns Congressional Plaza, Federal Plaza, Montrose Crossing and Pike & Rose, the most dominant retail assets in the submarket, with retailer sales that rank among the very best locations in the U.S.","length":440,"tagName":"p"},{"type":"text","content":""This is a highly strategic addition for us," said Don ...