Federal Realty sells Third Street Promenade storefronts for $103M
June 8, 2024, 12:30 am
Federal Realty Investment Trust has cashed out of Santa Monica’s Third Street Promenade. The Bethesda, Maryland-based real estate investment trust has sold eight buildings on Third Street Promenade, just a quarter-mile from the beach, for $103 million, the firm announced on Thursday.
