Federal Realty Investment Trust Acquires Retail Property In Kingstowne, VA For $200M

The retail property located in Kingstowne, VA has been sold in a transaction. The property, situated in the Kingstowne Center, covers an area of 410,398 square feet. The sale price of the property was $200,000,000, resulting in a price per square foot of $487. The property was acquired by the Federal Realty Investment Trust, represented by Deirdre M. Johnson. The seller of the property was The Halle Companies. The sale was facilitated by Dean Sands and Chip Ryan, brokers from Avison Young.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $200,000,000
• Square Footage: 410,398
• Price Per Square Foot: $487
• Address: Kingstowne Center
• Market: Kingstowne, VA

The acquisition of the retail property was made by the Federal Realty Investment Trust, with Deirdre M. Johnson representing the buyer. The Halle Companies acted as the seller in this transaction. The deal was arranged by brokers Dean Sands and Chip Ryan from Avison Young.