Federal Realty Investment Trust of Rockville sells three properties
Daily Record, The (Baltimore), Jun 26, 2007
Federal Realty Investment Trust, of Rockville, announced it completed the sale of three retail centers in New England - Riverside Plaza and Key Road Plaza in Keene, N.H., and Bath Shopping Center in Bath, Maine - for $62.9 million. The real estate investment trust acquired all three in August 2006 to facilitate its purchase of $150 million of assets in the Boston metropolitan area.
The price for the properties generated a book gain of approximately $2 million, according to the retail-oriented REIT.
Copyright 2007 Dolan Media Newswires
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