Federal Realty Acquires Congressional North Shopping Center in Montgomery County, Maryland

Acquisition expands Federal Realty’s control along the Region’s Most Dominant Retail Corridor

NORTH BETHESDA, Md., March 16, 2026 /PRNewswire/ — Federal Realty Investment Trust (NYSE:FRT) today announced the acquisition of Congressional North Shopping Center in Montgomery County, Maryland, for $72.3 million. Located immediately adjacent to Federal’s Congressional Plaza, this grocery-anchored property includes approximately 176,000 square feet of retail on 13 acres and is anchored by Aldi, RH Outlet, Petco, and Staples.

The acquisition deepens Federal’s presence along Rockville Pike (Route 355), the Washington DC Metro region’s most established commercial corridors. Congressional North sits within a dense, affluent submarket where Federal already owns Congressional Plaza, Federal Plaza, Montrose Crossing and Pike & Rose, the most dominant retail assets in the submarket, with retailer sales that rank among the very best locations in the U.S.

„This is a highly strategic addition for us,“ said Don Wood, President and Chief Executive Officer of Federal Realty. „With this acquisition, we now control the key retail nodes along Rockville Pike from Bethesda through Rockville, giving us greater flexibility to curate tenancy and merchandising across the corridor.“

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