Federal Realty (FRT) Acquires Del Mar Village in Boca Raton, Florida
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Federal Realty Investment Trust (NYSE: FRT) announced the acquisition of Del Mar Village, a 154,000 square foot grocery-anchored, neighborhood shopping center at the intersection of Palmetto Park Road and Powerline Road in Boca Raton, Florida. Federal Realty acquired the property from a private owner for $41.7 million in cash.
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