Federal Realty Steps Up Focus on Virginia
The REIT is opening its first full-service corporate office in Northern Virginia in part to target “incremental investment.”
ROCKVILLE, MD—Federal Realty Investment Trust announced plans to open its first full-service corporate office in Northern Virginia, part of the REIT’s larger push to target “incremental investment” in the region, according to CEO Donald Wood. These opportunities, he says in a prepared statement, can only be addressed with a local, full-service development, leasing and asset management office.
Federal Realty’s management that will be located in the new office include vice president of asset management Deirdre Johnson, Ramsey Meiser, senior vice president of development and vice president of leasing Rich Abruscato.
Federal Realty currently owns and operates 3.6 million square feet of real estate in the Commonwealth, including Pike 7 Plaza, Village at Shirlington, Pentagon Row, and Pan Am, as well as Willow Lawn and Barracks Road, two iconic properties in Central Virginia.