Federal Realty Investment Trust to acquire Kingstowne Towne Center for $200m.

Federal Realty Investment Trust, a REIT, agreed to acquire Kingstowne Towne Center, a shopping mall, for $200m. "Kingstowne Towne Center has afforded us a rare opportunity to own 45 acres of land in one of the country's most desirable markets. The large property, which boasts attractive demographics and significant barriers to entry, is a valuable addition to our expanding Northern Virginia portfolio and further demonstrates our corporate commitment to investing in value-enhancing acquisitions," Jeff Berkes, Federal Realty President and Chief Operating Officer.