frit corp update proplist q42013 55876 - · pdf filefederal realty investment trust is an...
TRANSCRIPT
Core Markets
Portfolio Listing
Federal Realty Investment Trust is an equity real estate investment trust (REIT) specializing in the ownership, management and redevelopment of high-quality retail properties, including shopping centers and urban, mixed-use properties. Federal Realty’s portfolio is located in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, California, and Florida.
The Trust’s principal competitive advantages stem from property locations, which are widely recognized for having very strong demographics, including dense populations, high household incomes and significant barriers to entry. These competitive advantages result in strong consumer demand, outstanding sales and superior operating results.
A key element of the Trust’s strategy for maximizing income and increasing property value is redevelopment and remerchandising. From simple improvements such as façade renovations to more comprehensive reconfigurations, these redevelopments typically improve rental and occupancy rates. In addition, the Trust has significant experience in the master planning, design, redevelopment, and operations of mixed-use properties. Investments in these redevelopments are justified on a return-on-invested-capital basis, include risk mitigation measures and compete for capital with acquisition opportunities available to the Trust.
Also contributing to the future growth of Federal Realty is the ability to acquire operating properties within our core markets that possess value-enhancing opportunities. In addition, Federal Realty seeks to acquire stabilized, supermarket-anchored shopping centers in the Trust’s target markets.
Over its 50-year history, Federal Realty has produced an outstanding track record, including growth in dividends per share. The Trust has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 46 consecutive years, the longest consecutive record in the REIT industry.
Shares of Federal Realty are traded on the New York Stock Exchange under the symbol FRT. For additional information about Federal Realty, please visit www.federalrealty.com.
CORPORATE HEADQUARTERS1626 East Jefferson Street Rockville, MD 20852PH 301.998.8100FX 301.998.3700
REGIONAL OFFICES Boston 5 Middlesex Avenue, Suite 401Somerville, MA 02145PH 617.684.1500FX 617.623.3601
Los AngeLes2041 Rosecrans Avenue, Suite 245El Segundo, CA 90245PH 310.414.5280FX 310.333.0766
PhiL AdeLPhiA50 East Wynnewood Road, Suite 200Wynnewood, PA 19096PH 610.896.5870FX 610.896.5876
sAn Jose356 Santana Row, Suite 1005 San Jose, CA 95128PH 408.551.4600FX 408.551.4616
south FLoridA7015 Beracasa Way, Suite 204Boca Raton, FL 33433PH 561.347.6522FX 561.368.6223
www.federalrealty.com
BOSTON
NEW YORK
PHILADELPHIA
WASHINGTON, DC
BALTIMORE
NORTHERN CALIFORNIA
SOUTHERN CALIFORNIA
.WASHINGTON, D.C.
MARYLAND
MARYLAND
VIRGINIA
BALTIMORE, MDMARYLAND
NEW JERSEY
PENNSYLVANIAPHILADELPHIA
NEW JERSEY
CONNECTICUT
NEW YORK
NEW YORK
LONG ISLAND
MASSACHUSETTS
CONNECTICUT
BOSTONCALIFORNIA
LOS GATOS SAN JOSE
SAN FRANCISCO
BOCA RATON
SOUTH FLORIDA
FLORIDA
DAVIE
CALIFORNIA
SAN DIEGO
PASADENA
SANTA MONICA LOS ANGELES
ILLINOIS
CHICAGO
MAssAChusettsAssembly square Marketplace/Assembly row Somerville, Massachusetts 336,000 square feet T.J. Maxx, Bed Bath & Beyond, Staples, Kmart, Christmas Tree Shops, Sports Authority, A.C. Moorewww.assemblyrow.com
Atlantic Plaza North Reading, Massachusetts 123,000 square feet Stop & Shop
Campus Plaza Bridgewater, Massachusetts 116,000 square feet Roche Bros., Burlington Coat Factory
Chelsea Commons Chelsea, Massachusetts 222,000 square feet Home Depot, Planet Fitness, Save-A-Lot, CVS Pharmacy
dedham PlazaDedham, Massachusetts 241,000 square feet Star Market, Dress Barn, Panera Bread
Linden square Wellesley, Massachusetts 224,000 square feet Roche Bros., California Pizza Kitchen, CVS Pharmacy, National Jean Co., Starbucks, Bank of Americawww.shoplindensquare.com
north dartmouth North Dartmouth, Massachusetts 48,000 square feet Stop & Shop
Pleasant shops Weymouth, Massachusetts 130,000 square feet Whole Foods, Marshalls, Starbucks, CVS Pharmacy
Queen Anne Plaza Norwell, Massachusetts 149,000 square feet T.J. Maxx, Hannaford, HomeGoods
saugus Plaza Saugus, Massachusetts 170,000 square feet Kmart, Super Stop & Shop
MiChigAn gratiot Plaza Roseville, Michigan 217,000 square feet Kroger, Bed Bath & Beyond, Best Buy, DSW
neW JerseY Brick Plaza Brick, New Jersey 416,000 square feet A&P Grocery Store, Barnes & Noble, AMC Loews, The Sports Authority, The Bon Ton, PetSmart
Brook 35 Sea Girt, New Jersey 91,000 square feet Banana Republic, Gap, Talbots, Starbucks www.brook35plaza.com ellisburg Cherry Hill, New Jersey 268,000 square feet Stein Mart, Buy Buy Baby
Mercer Mall Lawrenceville, New Jersey 501,000 square feet ShopRite, DSW, Ross Dress For Less, Bed Bath & Beyond, T.J. Maxx, Raymour & Flanigan Furniture, Office Depot
the grove at shewsburyShewsbury, New Jersey 188,000 square feet Brooks Brothers, Gap, Lululemon Pottery Barn, J.Crew www.thegroveatshrewsbury.com
troy hills shopping CenterParsippany-Troy, New Jersey 207,000 square feet Pathmark, PETCO, LA Fitness
neW YorKFresh Meadows Queens, New York 406,000 square feet AMC Lowes, Kohl’s, CVS Pharmacy, Island of Gold, Michaels, Starbucks, Modell’s
greenlawn Plaza Greenlawn, New York 106,000 square feet Waldbaum’s, Tuesday Morning
hauppauge shopping CenterHauppauge, New York 134,000 square feet ShopRite, A.C. Moore
huntington shopping CenterHuntington, New York 279,000 square feet Bed Bath & Beyond, Nordstrom Rack, Michaels, Buy Buy Baby
huntington square East Northport, New York74,000 square feet Barnes & Noble, Dress Barn, Chase Bank
Melville MallHuntington, New York246,000 square feetMarshalls, Kohl’s, Dick’s Sporting Goods, Waldbaum’s
north CAroLinA eastgate Chapel Hill, North Carolina 153,000 square feet Stein Mart, Chico’s, Talbots, Rite Aid, Trader Joe’s, EVOS, Massage Envywww.shoppingeastgate.com
PennsYLVAniA Andorra shopping CenterPhiladelphia, Pennsylvania 265,000 square feet Kohl’s, Acme Markets, LA Fitness, Rite Aid, Staples
Bala Cynwyd shopping CenterBala Cynwyd, Pennsylvania 295,000 square feet Lord & Taylor, Acme Markets, Dress Barn, LA Fitness, Michaels
Flourtown shopping CenterFlourtown, Pennsylvania 160,000 square feet Giant Food, Hollywood Tans
Lancaster shopping Center Lancaster, Pennsylvania 127,000 square feet Giant Food, Michaels
Langhorne square shopping CenterLevittown, Pennsylvania 219,000 square feet Redner’s Supermarket, Marshalls, Panera Bread, Planet Fitness
Lawrence Park shopping CenterBroomall, Pennsylvania 354,000 square feet Acme Market, T.J. Maxx, HomeGoods, Kaplan Career Institute
northeast shopping CenterPhiladelphia, Pennsylvania 288,000 square feet Marshalls, Burlington Coat Factory, Home Gallery
town Center of new BritainNew Britain, Pennsylvania 124,000 square feet Giant Food, Rite Aid
Willow grove shopping CenterWillow Grove, Pennsylvania 212,000 square feet Marshalls, Barnes & Noble, HomeGoods
Wynnewood shopping CenterWynnewood, Pennsylvania 251,000 square feet Giant Food, Bed Bath & Beyond, Old Navywww.shopsatwynnewood.com
teXAs houston streetSan Antonio, Texas175,000 square feet
the Court Buildings 217 e. houston st. Bohanan’s
the schaum Building 225-229 e. houston st. Palm Restaurant
the Vogue Building301 e. houston st. Toscana Ristorante
the Kress Building311–315 e. houston st.Texas de Brazil
the Maverick Building400 e. houston st.
the stuart Building 306 e. houston st.
the Walgreen Building 300 e. houston st. Walgreens Drugs
the Valencia hotel Building 160 e. houston st. Hotel Valencia, Acenar Restaurant
VirginiA29th Place (shoppers’ World)Charlottesville, Virginia 169,000 square feet Staples, Starbucks, DSW, Advanced Auto Parts
Barcroft Plaza Falls Church, Virginia 101,000 square feet Bank of America, Harris Teeter, Starbucks, Subway
Barracks road shopping CenterCharlottesville, Virginia 497,000 square feet Harris Teeter, Bed Bath & Beyond, Michaels, Old Navy, CVS Pharmacy, Kroger, Anthropologie, Ulta, www.barracksroad.com Falls Plaza Falls Church, Virginia 144,000 square feet Giant Food, CVS Pharmacy, Staples, Starbucks
idylwood Plaza Falls Church, Virginia 73,000 square feet Whole Foods, Gym Source, Jason’s Deli, Starbucks
Leesburg Plaza Leesburg, Virginia 236,000 square feet Giant Food, Pier 1, PetSmart, Office Depot Loehmann’s Plaza Falls Church, Virginia 261,000 square feet Jos. A. Bank, Celebrity Delly, CVS Pharmacy, LA Fitness, Giant Food
Mount Vernon Plaza Alexandria, Virginia 572,000 square feet Shoppers Food Warehouse, Staples, T.J. Maxx, Home Depot, Michaels Bed Bath & Beyond
old Keene Mill shopping CenterSpringfield, Virginia 92,000 square feet Whole Foods, Washington Sports Club, Starbucks, Walgreens
Pan Am shopping CenterFairfax, Virginia 227,000 square feet Safeway, Micro Center, Michaels, CVS Pharmacy, Starbucks
Pentagon row Arlington, Virginia 297,000 square feet Harris Teeter, Bed Bath & Beyond, DSW, Elizabeth Arden Red Door Salon, Hudson Trail Outfitters, Cost Plus World Marketwww.pentagonrow.com
Pike 7 PlazaVienna, Virginia 164,000 square feet T.J. Maxx, Staples, DSW, Panera Bread, Sakura Japanese Steakhouse
the shops at Willow Lawn Richmond, Virginia 439,000 square feet Old Navy, Kroger Supermarket, Bath & Body Works, Gold’s Gym, Panera Bread, Stapleswww.willowlawn.com
tower shopping CenterSpringfield, Virginia 112,000 square feet Talbots, Virginia Fine Wines, L.A. Mart
tysons station Falls Church, Virginia 49,000 square feet Trader Joe’s
Village at shirlington Arlington, Virginia 261,000 square feet Harris Teeter, Carlyle Grand Cafe, Capitol City Brewing Company, CakeLove, Busboys and Poets, Guapos, Thrive Pilates, Cineplex www.villageatshirlington.com
CALiForniA150 Post streetSan Francisco, California 103,000 square feet Brooks Brothers, H&M
Colorado BoulevardPasadena, California69,000 square feet
14 n. Fair oaks Ave. Pottery Barn
140–168 W. Colorado Blvd. Banana Republic
Crow Canyon CommonsSan Ramon, California242,000 square feetLoehmann’s, Rite Aid Pharmacy, Lucky
east Bay BridgeEmeryville & Oakland, California438,000 square feetHome Depot, Michaels, Target, Pak-N-Save
escondido Promenade Escondido, California 297,000 square feet Toys R Us, T.J. Maxx, Dick’s, Target*, Mervyns** Target and Mervyns not owned by FRITwww.escondidopromenade.com
hermosa Avenue1221–1237 Hermosa Beach, California 22,000 square feet Chase Bank, Frosted Cupcakery
hollywood BoulevardHollywood, California140,000 square feet
Petersen Building 7001 hollywood Blvd.
galaxy Building 7021 hollywood Blvd. DSW, LA Fitness, Fresh & Easy, CVS Pharmacy
Kings CourtLos Gatos, California 80,000 square feet Lunardi’s, CVS Pharmacy www.kingscourtlg.com
old town CenterLos Gatos, California 96,000 square feet Banana Republic, California Cafe, Gap, Sur La Tablewww.shopsatoldtowncenter.com
Plaza el segunoEl Segundo, California 381,000 square feet H&M, Anthropologie, HomeGoods, Whole Foods, Dick’s Sporting Goodswww.plazaelsegundo.com
santana row San Jose, California 647,000 square feet CinéArts Theatres, The Container Store, Crate & Barrel, Gucci, H&M, Yardhouse www.santanarow.com
third street PromenadeSanta Monica, California209,000 square feet
301 Arizona Ave.Rockenwagner Bakery
1202 third st.Banana Republic
1222–1226 third st.J. Crew
1225 third st. Club Monaco
1232–1240 third st.Old Navy
1251–1253 third st.Loteria Grill
1337 third st. Express
1343–1349 third st.Madewell, Skechers
1344 third st.Steve Madden
214 Wilshire Blvd. Knoll Furniture, California Pizza Kitchen
Westgate MallSan Jose, California 636,000 square feet Target, Old Navy, Michaels, Ross Dress For Less, Nordstrom Rack, Burlington Coat Factorywww.shopsatwestgatemall.com
ConneCtiCutBristol Plaza Bristol, Connecticut 267,000 square feet Stop & Shop, T.J. Maxx, Starbucks
darienDarien, Connecticut95,000 square feetEquinox, Stop & Shop, Walgreens
greenwich AvenueGreenwich, Connecticut35,000 square feetSaks Fifth Avenue
distriCt oF CoLuMBiAFriendship Center Washington, D.C. 119,000 square feet Maggiano’s, DSW, Nordstrom Rack
sam’s Park & shop Washington, D.C. 49,000 square feet PETCO, Palena
FLoridACourtyard shops at WellingtonWellington, Florida130,000 square feet Publix, Bank of Americawww.courtyardshopsatwellington.com
del Mar Village Boca Raton, Florida 179,000 square feet Winn-Dixie, CVS Pharmacywww.shopsatdelmar.com
tower shops Davie, Florida 369,000 square feet DSW, T.J. Maxx, Ulta, Old Navy
iLLinoisCrossroads shopping CenterHighland Park, Illinois 168,000 square feet Guitar Center, Golfsmith, LA Fitness
Finley square shopping CenterDowners Grove, Illinois 313,000 square feet Bed Bath & Beyond, Buy Buy Baby, PetSmart, Chipotle
garden Market shopping CenterWestern Springs, Illinois 140,000 square feet Mariano’s Fresh Market, Walgreens
north Lake CommonsLake Zurich, Illinois 129,000 square feetMassage Envy
MArYLAndBethesda row Bethesda, Maryland 533,000 square feet Giant Food, Aveda, Cafe Deluxe, Mon Ami Gabi, Jaleo, Landmark Theatre, Mussel Bar by RW, Sweetgreen, Apple, Lebanese Taverna, Georgetown Cupcake, Equinox Fitness, American Tap Roomwww.bethesdarow.com
Congressional Plaza Rockville, Maryland 328,000 square feet The Container Store, The Fresh Market, Buy Buy Baby, Loft, Ulta, Matchbox, White House/Black Market, Neiman Marcus Last Call Studio www.congressionalplaza.com
Courthouse Center Rockville, Maryland 35,000 square feet Rockville Interiors
Federal Plaza Rockville, Maryland 248,000 square feet Ross Dress For Less, T.J. Maxx, Trader Joe’s, Five Below, Micro Center, Silver Diner
Free state shopping CenterBowie, Maryland 279,000 square feet Giant, Office Depot, Ross Dress for Less, T.J. Maxx
gaithersburg square Gaithersburg, Maryland 207,000 square feet Bed Bath & Beyond, Ross Dress For Less, CVS Pharmacy, Chipotle
governor Plaza Glen Burnie, Maryland 267,000 square feet AC Moore, Aldi, Panera Bread, Bally Total Fitness, PETCO, LA Fitness
LaurelLaurel, Maryland 388,000 square feet Giant Food, CVS Pharmacy, LA Fitness, Marshalls www.laurelshoppingcenter.com
Mid-Pike Plaza/Pike & rose Rockville, Maryland 59,000 square feet Starbucks www.pikeandrose.com
Montrose Crossing Rockville, Maryland 363,000 square feet Giant Food, Sports Authority, Marshalls, Starbucks
Perring Plaza Baltimore, Maryland 395,000 square feet Home Depot, Shoppers Food Warehouse, Burlington Coat Factory, Micro Center
Plaza del Mercado Silver Spring, Maryland 96,000 square feet CVS Pharmacy
Quince orchard Gaithersburg, Maryland 261,000 square feet LA Fitness, Staples
rockville town square Rockville, Maryland 187,000 square feet CVS Pharmacy, Gold’s Gym, Gordon Biersch, Noodles & Co., Spice Xing, Thai Pavilion, Five Guys, Buffalo Wild Wings www.rockvilletownsquare.com
rollingwood Apartments Silver Spring, Maryland www.rollingwood-apts.com
the AVenue at White MarshBaltimore, Maryland297,000 square feet A.C. Moore, AMC Loews, Old Navy, Ulta, Men’s Wearhousewww.theavenueatwhitemarsh.com
the shoppes at nottingham squareBaltimore, Maryland 32,000 square feet Starbucks, Mattress Discounters, Next Day Blinds
White Marsh otherBaltimore, Maryland70,000 square feet
Byron station shopping CenterCasa Mia’s
White Marsh ground Leases Bertucci’s, TGI Friday’s, Red Lobster
White Marsh Plaza80,000 square feet Giant Food
Wildwood shopping CenterBethesda, Maryland 84,000 square feet Balducci’s, Starbucks, Elizabeth Arden Red Door Salon, South Moon Under, bluemercury, CVS Pharmacywww.shopsatwildwood.com
AS OF 12/31/2013 Properties acquired through joint venture with Clarion Lion Properties Fund