ROCKVILLE, Md., July 20, 2017 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT), a national leader in the retail real estate industry, announced today its exclusive partnership with Campus Scout, an innovative New York-based recruiting and career coaching firm that focuses primarily on recent college and university graduates and women entrepreneurs across the country. The partnership will match Federal Realty's well-positioned real estate with new or emerging talent that is looking to launch a new product, test main street retail, or learn more about the marketability of a new concept.
"We sought out Federal Realty because we found that a considerable percentage of Millennials and Generation Z talent is not looking to follow their parents' path with a 9 to 5 job, sitting behind a desk hunched over a computer, but rather have harnessed their inner entrepreneur, developed something special, and want to build their own business. They just need help taking the first step into the physical retail space," said Lynn Zuckerman Gray, Founder and Chief Executive Officer of Campus Scout, LLC. "Federal Realty's prime locations, success stories with pop-up retail, and out-of-the-box thinking is a perfect match for us and the talent we work with."
The formula is simple. Campus Scout works with recent graduates or other partner network applicants. When there is a need for physical retail or pop-up space, promotional launch event or property support in some way, Campus Scout connects their applicant to Federal Realty. The results of this partnership can begin as soon as the first entrepreneur has moved through the Campus Scout program and is ready. With Lynn's network and her recent appointment as a 2017 WE NYC Mentor, her work is dedicated to helping women start and grow their businesses. This partnership and program has far and wide possibilities.
"Federal Realty's retail spaces are located in the best markets in the country and our projects are recognized as the places to be because of the environments and experiences that they offer. We are surrounded by new and raw talent, many of whom may be the success stories of tomorrow or the next wave of retail or innovation that can thrive at our properties, through this program and with this team. This partnership is an exciting way to augment the various channels we use to reach this amazing talent and tomorrow's trends," said Mike Kelleher, Vice President – Specialty Leasing at Federal Realty. "When Lynn told me she was working with entrepreneurial students, a number of women's organizations, and specifically with women of all ages whose customers needed to see and touch their products, I knew we had found a great partner. Together we can break down any perceived real estate hurdles."
Federal Realty and Campus Scout have begun marketing the partnership and real estate opportunities within Campus Scout's partner and applicant program and while initial efforts will be focused around the San Jose and Boston markets, both hope to see the formula replicated across the country in the near future.
For additional information, please contact:
Mike Kelleher, Vice President – Specialty Leasing at Federal Realty Investment Trust
mkelleher@federalrealty.com / 617.684.1502
Lynn Zuckerman Gray, Founder and Chief Executive Officer of Campus Scout, LLClynnzgray@gocampusscout.com / 347.618.0018
About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 98 properties include over 2,800 tenants, in approximately 23 million square feet, and over 1,800 residential units.
Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 49 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.
About Campus Scout
Campus Scout, LLC is an innovative provider of strategic campus and recent graduate recruiting services, Career Coaching for young professionals and bespoke training programs for employers, primarily focused on the Millennial and Z generations. Since its inception in mid-2009, we have recruited at 101 Graduate and Undergraduate campuses throughout the United States and have successfully assisted in the hiring of recent college and Business/professional School graduates for foreign and domestic clients in the financial services, real estate, technology and hospitality industries. For more information, please visit www.gocampusscout.com.
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SOURCE Federal Realty Investment Trust
