✉news BusinessRetail first seen 18 h ago, last 1 h ago, peak #1
Federal Realty Buys 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 shopping and retail destination in Birmingham, Alabama. The deal places one of the state's most prominent open-air retail centers under the ownership of a large national real estate investment firm. Details on the purchase price and future plans for the property were not included in the initial announcement.
Why now: The acquisition of a flagship retail property by a major REIT signals continued investor confidence in high-performing shopping centers.
Federal Realty Investment TrustThe SummitBirmingham, Alabama
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