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News Release

New Retail and Restaurants to Open at Bethesda Row Fall 2011

ROCKVILLE, Md., July 19, 2011 /PRNewswire via COMTEX/ --

Federal Realty Investment Trust (NYSE: FRT) today announced five exciting new additions to Bethesda Row, the 580,000 square foot mixed-use development in Bethesda, Maryland, and a full summer events schedule for shoppers and diners.

(Logo: http://photos.prnewswire.com/prnh/20050907/DCW070LOGO )

Opening November 2011, The North Face delivers an extensive line of performance apparel, equipment, and footwear, pushing the boundaries of innovation so that shoppers can push the boundaries of exploration. Outfitting climbers, mountaineers, extreme skiers, snowboarders, endurance runners, and explorers, the North Face will open on Bethesda Avenue, neighboring Apple and lululemon. For more information, please visit www.northface.com.

First opened in Johannesburg, South Africa in 1987, Nando's Peri Peri Chicken locations can be found on five continents around the world. A flame-grilling Peri-Peri chicken restaurant, customers of Nando's restaurants choose from a menu that includes full, half or quarter butterfly-cut chicken, burgers, pitas and salads, and their Peri-Peri flavor basting from mild, hot, extra hot or lemon and herb. The group has won multiple awards including one of the top five most exciting food concepts in London and 'Restaurateur of the Year' in the UK, continuing to capture the hearts and taste buds of millions of customers every day. The Bethesda Row location will open September 2011. For more information, please visit www.nandos.com.

Also opening in September with current locations in Arlington and Gaithersburg, DC-based Indian concept Tandoori Nights reflects authentic Indian hospitality and culture in a contemporary setting. Tandoori Night's vision is to share extraordinary culinary experiences through a cultural journey and goodwill. Tandoori Nights will be located at 7236 Woodmont Avenue. For more information, please visit http://indaez.com/ .

Secolari Oil and Vinegar is opening their first location this fall on Bethesda Row and will feature specialty olive oils, vinegars and gourmet foods. Displayed in stainless steel containers with sampling spouts for consumers before purchase, the design of the store will feature elements of a traditional Tuscan farmhouse and will be located at 7249 Woodmont Avenue.

A new organic fresh pressed juice concept for the DC metro area, Puree Juice Bar will be opening next to Equinox in September. Using the Norwalk Juice Press for all juices, which are made by hand, the result is a healthier, fresher, more delicious juice available to enjoy on the go. For more information, please visit www.pureejuicebar.com.

"Continuing Bethesda's uncommon mix of life and style, we welcome two new restaurants, two specialty food concepts by Bethesda locals, and a national active wear store that further complements our popular existing lineup," said Ralph Ours, director of lifestyle leasing, mid-Atlantic for Federal Realty.

This summer, join Bethesda Row for the annual movie series on Tuesdays at dusk. Located near the Apple Store, movies featured in August include: 2: Vicky Cristina Barcelona, 9: Star Wars, 16: Bride Wars, 23: Eclipse, and 30: Iron Man. And save the date for the Sidewalk Sale, which runs July 22-23 on Bethesda Lane. Visit us on Facebook for more details: www.facebook.com/bethesdarow .

About Bethesda Row

Bethesda Row is a 521,000 square foot shopping, dining and living destination in the heart of Bethesda, Maryland. An uncommon mix of life style, Bethesda Row features national retailers, local boutiques, eclectic restaurants and 180 residential units, Upstairs at Bethesda 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 18.6 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 93.8% leased to national, regional, and local retailers as of March 31, 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 43 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. For more information, please visit www.federalrealty.com.

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SOURCE Federal Realty Investment Trust