EL SEGUNDO, CA-Rockville-based Federal Realty Investment Trust has purchased a controlling interest in the Plaza El Segundo retail property in El Segundo for $183.5 million. The REIT has paid $8.5 million for the 381,000-square-foot center and seized a $175-million mortgage on the property.
As part of the investment, Federal Realty will amass 75% of the center's cash flow. The Trust has also bought an 8.1-acre parcel for $15.9 million as part of the deal. For the full story, go to Washington Business Journal .
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