FEDERAL REALTY INVESTMENT TRUST
Assessed value: $106 million
Acres: 37
Notable holdings: Barracks Road Shopping Center; Shopper’s World Shopping Center
One of the few nonlocal entities on the list, Federal Realty Investment Trust specializes in retail assets and, as such, owns or manages over 100 commercial properties, or 18.1 million square feet, across the country. Barracks Road Shopping Center, acquired in 1985 with 488,000 square feet of retail space, is one of its largest properties. Most recently, the Rockville, Maryland-based company bought Shoppers’ World, home of Whole Foods and Brazilian restaurant Copacabana.
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