10/02/2026
๐๐ฒ๐ฑ๐ฒ๐ฟ๐ฎ๐น ๐ฅ๐ฒ๐ฎ๐น๐๐ ๐ฃ๐ฎ๐๐ $๐ฑ๐ฌ๐ด๐ ๐ณ๐ผ๐ฟ ๐๐ถ๐ฟ๐บ๐ถ๐ป๐ด๐ต๐ฎ๐บ ๐ฅ๐ฒ๐๐ฎ๐ถ๐น ๐๐ฒ๐ป๐๐ฒ๐ฟ
Federal Realty Investment Trust acquired The Summit, an Alabama retail destination, for $508 million ($498 million on a net basis). The retail center is a 100-acre, approximately 870,000-square-foot open-air property developed over more than 30 years. It was owned by Bayer Properties, which has since opened a number of other retail hubs with โThe Summitโ moniker. ...
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https://www.connectcre.com/stories/federal-realty-pays-508m-for-birmingham-retail-center/
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