If you need assistance, please call 480-365-8346

Washington, D.C. real estate investor enters Valley by acquiring 2 retail centers

Thursday, June 17, 2021   /   by Juan Grimaldo

Washington, D.C. real estate investor enters Valley by acquiring 2 retail centers

Federal Realty Investment Trust, a nationally recognized real estate developer that focuses on shopping centers, has entered the Phoenix market by acquiring two large retail properties in Phoenix and Scottsdale for a combined price of $200 million.

Maryland-based Federal Realty (NYSE: FRT) closed on The Shops at Hilton Village, a 92,728-square-foot trophy shopping center on Tuesday for $37.5 million. Michael Hackett and Ryan Schubert with Cushman & Wakefield’s Phoenix office brokered the sale of The Shops at Hilton Village.

The company is also under binding contract to acquire the 642,000-square-foot super regional community shopping center Camelback Colonnade for $162.5 million. That deal is expected to close by the end of the month.

To continue reading, click here.

By Brandon Brown, Reporter - Phoenix Business Journal

The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346



© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. December 1, 2024
This site powered by CINC: www.cincpro.com