✉news BusinessRetail first seen 18 h ago, last 1 h ago, peak #1
Federal Realty Acquires The Summit Retail Center in Alabama
Original: Federal Realty Acquires The Summit, Alabama's Premier Retail Destination
Federal Realty Investment Trust has acquired The Summit, a major retail destination in Birmingham, Alabama. The deal makes the shopping center part of Federal Realty's portfolio of premium retail properties. The company is one of the largest owners of retail real estate in the United States, and the purchase adds a high-profile open-air shopping center to its holdings.
Why now: A major real estate investment trust buying a well-known regional shopping destination is significant news for retail and property markets.
Federal Realty Investment TrustThe SummitBirmingham, Alabama
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