- State of the art fitness facility further enhances premier shopping,
dining and living destination in the heart of Bethesda, Maryland -
ROCKVILLE, Md., March 5 /PRNewswire/ -- Federal Realty Investment Trust
(NYSE: FRT) today announced that Equinox Fitness Clubs, one of the nation's
premier fitness facilities, will join the tenant lineup at Bethesda Row in
Bethesda, Maryland, at the intersection of Elm Street and Hampden Lane, with
construction commencing late March 2009.
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"We are thrilled to offer this incredible amenity to the community and are
excited to welcome Equinox to Bethesda Row," said Deirdre Johnson, director of
asset management for Federal Realty. "The addition of Equinox will truly
enhance the quality of experience at Bethesda Row and is complimentary to our
existing shopping, dining, office and residential components."
Voted "Best Gym in America" by Fitness Magazine with 46 locations in major
markets nationwide, Equinox is known for delivering style as well as substance
and offers industry-leading personal trainers, world-class group fitness
programming, and award-winning design. The Bethesda Row location is expected
to open in late 2010, and will occupy 31,000 square feet on four floors
including amenities such as a full service spa, a pool, cafe/juice bar and
five group exercise studios.
"Our aim in Bethesda is to meet the needs of a discriminating consumer who
demands the best," said Harvey Spevak, chief executive officer for Equinox.
"Bethesda Row is a premier location and we are excited to bring an innovative
fitness facility to the community."
"Equinox is a tremendous addition to Bethesda Row," said Federal Realty
vice president of leasing Wendy Seher. "The strength of their business
strategy and creative approach to fitness offers the community a unique
alternative to the traditional gym format. Equinox is a strong addition to our
retail lineup, positioning Bethesda Row as a premier destination for our
customers' living, shopping, and dining needs."
Equinox is the latest in a series of new premier retail and restaurants
that continue to enhance Bethesda Row as a destination location to shop, dine,
and live. Retailers that have recently opened on Bethesda Row include:
Lebanese Taverna, Cacao, City Sports, Lou Lou and Amethyst.
Soon to open at Bethesda Row are sweetgreen, a new local restaurant that
offers delicious, all-natural salads and frozen yogurt; and Organic To Go, the
nation's first fast casual retailer to be certified organic by the USDA.
About Bethesda Row
Bethesda Row is a 521,000 square foot shopping, dining and living
destination in the heart of Bethesda, Maryland. With a tremendous collection
of national retailers, local boutiques, eclectic restaurants and 180 luxury
apartments, Bethesda Row is the best of Bethesda, all in a row. For more
information, please visit www.bethesdarow.com.
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 18.1 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 95.0% leased to national, regional,
and local retailers as of December 31, 2008, 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 41 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.
Janelle StevensonSarah Braswell
Corporate Communications Powell Tate
SOURCE Federal Realty Investment Trust
/CONTACT: Janelle Stevenson, Corporate Communications of Federal Realty,
+1-301-998-8185, email@example.com; or Sarah Braswell of Powell
Tate for Federal Realty, +1-202-585-2903, firstname.lastname@example.org /
PRN Photo Desk, email@example.com/
/Web Site: http://www.federalrealty.com /
CO: Federal Realty Investment Trust; Equinox Fitness Clubs; Bethesda Row
IN: RLT REA FIN CRL RRL
-- PH79870 --
3670 03/05/200918:43 ESThttp://www.prnewswire.com