|ROCKVILLE, Md., October 16, 2017 — Federal Realty Investment Trust (NYSE: FRT) today announced the opening of its New York Regional office. The Trust will manage development, leasing, property management and asset management for the nine properties Federal Realty owns in the area and source new deals in the Tri-State area. Mark T. Brennan will join the company as Director of Development, based at the new office located in Huntington, NY.
“This new office clearly demonstrates Federal Realty’s continued commitment to the Greater New York market,” said Bryan Furze, Vice President of Asset Management for the Northeast. “Mark’s expertise and local experience will provide significant leadership as we unlock the value of our existing properties and aim to grow the Federal Realty portfolio in the New York metro area.”
Brennan comes to Federal Realty from Blumenfeld Development Group,with in-depth knowledge of acquisitions, development, asset management, financing, joint ventures, leasing, entitlements, design/construction, and financial analysis. He has significant experience with large-scale mixed-use urban real estate developments, retail, hospitality, acquisitions, joint venture structures, due diligence, leasing, planning, construction, design, asset management, entitlements, financing, and financial analysis. Mark is an active member of the International Council of Shopping Centers (ICSC).
Federal Realty’s New York properties are currently concentrated on Long Island and provide important conveniences and shopping options to communities. Area properties include Fresh Meadows in Queens; the Melville Mall, Greenlawn Plaza, Huntington Shopping Center and Huntington Square in Huntington; and Hauppauge Shopping Center in Hauppauge.
About Federal Realty
Federal Realty is a fully integrated real estate company focused on the acquisition, ownership and redevelopment of high-quality retail properties, including shopping centers and urban, mixed-use properties. Federal Realty’s portfolio contains approximately 23 million square feet (as of 7/31/17). Federal Realty acquires high-quality neighborhood and community shopping centers with expansion, redevelopment and lease-up/re-leasing potential.
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 99 properties include over 2,800 tenants, in over 23 million square feet, and over 1,800 residential units.
Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.