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Federal Realty buys two open-air Kansas shopping centers, sells pair of LA properties

Washington Prime sold the suburban Kansas City properties as it winds down its business
Federal Realty's sale included the Town Center Crossing in Leawood, Kansas. (CoStar)
Federal Realty's sale included the Town Center Crossing in Leawood, Kansas. (CoStar)

Federal Realty Investment Trust is shaking up its portfolio after acquiring two centers in the heartland of the country from one-time competitor Washington Prime Group, in addition to selling a pair of Los Angeles properties.

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