Federal Realty Investment Trust entered into an agreement to acquire Kingstowne Towne Center in Kingtowne, Virginia from Halle Enterprises, Inc. for $200 million.

Federal Realty Investment Trust (NYSE:FRT) entered into an agreement to acquire Kingstowne Towne Center in Kingtowne, Virginia from Halle Enterprises, Inc. for $200 million on April 20, 2022. Federal Realty acquired the phase of Kingstowne Towne Center in Kingtowne, Virginia for $100 million. The phase two of the property is expected to be completed in July 2022. Dean Sands and Chip Ryan of Avison Young represented The Halle Cos.