Federal Realty Acquires Two Monmouth County Shopping Centers for $161M

Source:  CoStar

Federal Realty Investment Trust (NYSE: FRT) has acquired controlling interest in two Monmouth County, NJ shopping centers for total consideration of $161 million, or about $564 per square foot. The Grove at Shrewsbury and Brook 35 are both located on Route 35, less than three miles from the Garden State Parkway, serving the affluent communities of Shrewsbury, Red Bank, Rumson, Fair Haven, Little Silver, Middletown, the nearby New Jersey Shore,...

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