Federal Realty Investment Trust Acquires Congressional North Shopping Center In Rockville MD For $72.3M

The 176,000-square-foot asset involved in this transaction is located at 1519 Rockville Pike in Rockville, MD, and is categorized as a school. The sale price for the property was $72,300,000, translating to a price per square foot of $411.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $72,300,000
• Square Footage: 176,000
• Address: 1519 Rockville Pike
• Market: Rockville, MD
• Buyer: Federal Realty Investment Trust
• Seller: Cohen Siegel Investors

Federal Realty Investment Trust's acquisition of the property represents its fifth investment along the high-traffic Rockville Pike corridor, emphasizing the company's strategic focus in this market area.