Developer: Federal Realty
Location: Somerville, Mass. 1.5 miles from Boston'sand commercial districts.
Costs: $64 million for land, $38 for redevelopment of the mall into power center.
Tenants: The property is 100 percent pre-leased to tenants including TJ Maxx, Bed Bath & Beyond, Staples, Kmart, AC Moore.
Buzz: Assembly Square is a 330,000-square-foot enclosed mall that is being redeveloped into a power center. Federal also has zoning entitlements to add fourbuildings on 3.5 acres that will include 41,000 square feet of retail space, 51,000 square feet of office and 239 residents. Federal also purchased a 220,000-square-foot-retail/industry property adjacent to the site.