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A Federal Realty holding in Maryland.

ROCKVILLE, MD—Federal Realty Investment Trust has sold a grocery-anchored retail center in Bowie, Md., for $72 million. New Market Properties, a wholly-owned subsidiary of Preferred Apartment Communities is the buyer of the 264,000-square foot center that is anchored by Giant Food. New Market paid for the asset in cash.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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