Federal Realty Buys East Bay Bridge Shopping Center for $53.7M in Cash
Posted on January 02, 2013 at 17:35 PM EST
Federal Realty Investment Trust (NYSE: FRT ) today announced the acquisition of East Bay Bridge shopping center, a 438,000 square foot, grocery-anchored power center spanning two municipalities, Emeryville and Oakland, California. The Trust paid cash consideration of $53.7 million and assumed an existing $62.9 million mortgage loan secured by the property. East Bay Bridge is