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REIT strengthens hold on busy Northern Virginia shopping center

Federal Realty acquires another piece of Kingstowne Towne Center in Alexandria
The property at 5900 Kingstowne Village Parkway traded hands. (CoStar)
The property at 5900 Kingstowne Village Parkway traded hands. (CoStar)

A real estate investment trust based near Washington, D.C., bought a fully leased retail complex in Northern Virginia, giving it greater ownership of a larger multi-property shopping center.

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