Lee Anne Klemyk to Lead Leasing of Federal Realty Investment Trust's New England Portfolio
02 December 2009 - 7:15AM
PR Newswire (US)
ROCKVILLE, Md., Dec. 1 /PRNewswire-FirstCall/ -- Federal Realty
Investment Trust (NYSE:FRT) today announced that Lee Anne Klemyk
has joined the Trust to oversee the leasing of the Trust's New
England portfolio. Federal Realty's New England portfolio includes
approximately 2.1 million square feet of operating retail space as
well as 16.6 acres of riverfront land in Somerville, Massachusetts
adjacent to the Trust's Assembly Square Mall property. The
potential development at Assembly Square is zoned to include up to
1.2 million square feet of retail and office space, including a
340,000 square foot IKEA and 2,100 residential units. For more
information on Federal Realty leasing, please visit
http://www.federalrealty.com/broker_leasing. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO ) "Lee
Anne's 20 plus years of retail leasing experience throughout New
England will be a real asset to the Trust in the leasing of both
our current operating portfolio and potential future development
opportunities at Assembly Square," said Chris Weilminster, senior
vice president - leasing for Federal Realty. "Her understanding of
the New England retail markets, relationships with tenants and
experience in leasing operating portfolios and new development
projects is a perfect fit for Federal Realty's needs in New
England." Ms. Klemyk will be based out of Federal Realty's Boston
office in Somerville, Massachusetts and will oversee all leasing
efforts for the Trust's New England portfolio. Before joining the
Trust, Ms. Klemyk served as vice president of leasing for New
England Development, where she specialized in leasing space for
large-format retail tenants up to 165,000 square feet. Prior to
that she was vice president of leasing at W/S DevelopmentS.R.
Weiner & Associates where she developed and implemented leasing
strategies for a portfolio containing over 15 million square feet.
Ms. Klemyk graduated magna cum laude from Central Connecticut State
University where she received a Bachelor of Science degree in
Marketing. About Federal Realty Federal Realty Investment Trust is
an equity real estate investment trust specializing in the
ownership, management and redevelopment of high quality retail
assets. Federal Realty's portfolio (excluding joint venture
properties) contains approximately 18.2 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 94.2% leased to national, regional, and local
retailers as of September 30, 2009, 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 42 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. Investor and Media Inquiries Janelle Stevenson Corporate
Communications Manager 301/998-8185 Gina Birdsall Investor
Relations Manager 301/998-8265
http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO
http://photoarchive.ap.org/ DATASOURCE: Federal Realty Investment
Trust CONTACT: Investor and Media Inquiries: Janelle Stevenson,
Corporate Communications Manager, +1-301-998-8185, ; Gina Birdsall,
Investor Relations Manager, +1-301-998-8265, Web Site:
http://www.federalrealty.com/
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