7-acre retail center complements the Trust’s existing Virginia portfolio and its increased operating efficiencies and leasing synergies in the region.

Federal Realty Investment Trust (NYSE: FRT) announced today its latest acquisition, Fairfax Junction in the City of Fairfax, Virginia. The 75,000-square-foot retail center is fully leased and anchored by Aldi, Planet Fitness and CVS.

Fairfax Junction is located at the intersection of Lee Highway/Route 29 and Main Street/Route 236, six miles west of the Capital Beltway and 17 miles west of Downtown DC. The 7-acre site provides ample surface parking and the possibility of adding additional improvements in the future.

The acquisition reflects the Trust's strategy of increasing its focus on Northern Virginia, a submarket that possesses dense populations, attractive demographics and significant barriers to entry. Consistent with those criteria, Fairfax Junction has over 100,000 households and average household incomes of $147,000 within a 3-mile radius of the property.

The property was sold by owner Glazer Properties, which was represented by Michael Gorsage with H&R Retail Investment Properties, for $22.5 million.

Federal Realty recently announced plans to grow its presence in Virginia by opening its first full-service corporate office in Tysons. Federal Realty currently owns and operates 3.8 million square feet of real estate in the state, including Northern Virginia household names 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. The portfolio is highlighted by a wide range of shopping and entertainment experiences, including major national tenants like Anthropologie, Whole Foods and TJ Maxx to well-established local favorites like Busboys and Poets, Basic Burger and the Tony Award-winning Signature Theatre.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 105 properties include approximately 3,000 tenants, in approximately 24 million square feet, and over 2,600 residential units.

Federal Realty has increased its quarterly dividends to its shareholders for 51 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.