Federal Realty Investment Trust buys Virginia shopping centers
Daily Record, The (Baltimore), May 13, 2003 by Staff
> Federal Realty Investment Trust, a Rockville-based real estate investment trust, bought South Valley Shopping Center and Mount Vernon Plaza, adjacent shopping centers in Fairfax County, Va. South Valley was purchased in fee simple for approximately $13.7 million cash. For Mount Vernon Plaza, FRIT acquired a leasehold interest with a purchase option for $17.5 million in cash, together with REIT partnership units and the assumption of debt.
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