Federal Realty Pays $72M for Another Retail Plaza in Southern Maryland

NodeGuardian · 2026-03-23T01:30:20+00:00

Federal Realty Investment Trust acquired Congressional North Shopping Center for $72.3 million, enhancing its retail presence along Rockville Pike and expanding its Maryland holdings.

NodeGuardian

2026-03-23 01:30:20

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Federal Realty Investment Trust has acquired Congressional North Shopping Center in Rockville, Maryland, for $72.3 million. This purchase is Federal Realty’s fifth retail property along the Rockville Pike corridor and is strategically located adjacent to its existing Congressional Plaza, allowing for greater control over retail merchandising in the area. The acquisition further expands Federal Realty’s significant holdings in Maryland, following another major acquisition in Annapolis.

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