Shops at Pembroke Gardens Update 08/05/22

Shops at Pembroke Gardens Acquired for $181M

Federal Realty Investment Trust has purchased the Shops at Pembroke Gardens for $181 million. Jeffrey A. Anderson Real Estate was the seller. Current tenants include Nike, The Cheesecake Factory, Banana Republic, Old Navy, and Sephora.

The Shops at Pembroke Gardens is a 392,000-square-foot open-air mall retail center. It was built in 2008 on a 41-acre site.

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