SOURCE: Rockville Town Square

Rockville Town Square

September 12, 2011 08:53 ET

Federal Realty Announces the Addition of Ellwood Thompson's at Rockville Town Square

ROCKVILLE, MD--(Marketwire - Sep 12, 2011) - Federal Realty Investment Trust (NYSE: FRT) today announced that Ellwood Thompson's has finalized a lease to open a local, organic market at Rockville Town Square in Rockville, Maryland. The new grocer will operate under the name "Dawson's Market" and the store is slated to open spring 2012, at the intersection of Beall Avenue and North Washington Street in Rockville, Maryland.

"We look forward to partnering with local vendors, farmers and artisans, and working with Federal Realty to bring our local market concept to Rockville Town Square," said Rick Hood, owner of Ellwood Thompson's. "We have chosen the name 'Dawson's Market' because of the heritage of the Dawson family and farm in the area. Like the Dawsons did, we will be supporting the local Rockville community while providing healthy and local products to our customers."

Dawson's Market at Rockville Town Square will house approximately 15,000 square feet of local and organic produce, meats, cheeses, prepared foods and baked goods. The company's principles and mission will remain consistent with their Richmond store for the location at Rockville Town Square. Dawson's Market will work directly with local farmers and be a leading source of healthy and local foods, while supporting the local community through its fiscal and in-kind donations, sustainable business choices, animal welfare and environmental consciousness.

"Dawson's Market's unique concept is a perfect fit for Rockville Town Square," said Robin McBride, vice president, mid Atlantic region chief operating officer for Federal Realty. "We are excited to bring such a tremendous amenity to the Rockville community and would like to thank the City of Rockville for being a valuable partner in helping to make this happen."

About Ellwood Thompson's Local Market
Ellwood Thompson's Local Market is a locally owned, independent, organic and local foods market serving Richmond, Virginia for more than 20 years. Ellwood Thompson's goal is to deliver the most delicious, fresh, healthy and safe foods available. Ellwood Thompson's buyers seek out and support sources of locally grown (within a 100 mile radius) and organic foods, recognizing their environmental and health benefits. For more information, please visit

About Federal Realty
Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 18.6 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 93.4% leased to national, regional, and local retailers as of June 30, 2011, with no single tenant accounting for more than approximately 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 44 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT.

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