Pike Central Farm Market Returns For Spring

ROCKVILLE, Md. - April 11, 2013 - PRLog -- As the Washington area begins to see warmer temperatures and greener surroundings, the Pike Central Farm Market (11806 Rockville Pike) will reopen beginning on Saturday, April 13. Pike Central Farm Market is the region's leading market for fresh produce, meats, dairy, seafood, and baked goods and will be open every Saturday from 9am – 2pm. Located on the future site of Pike & Rose (http://www.pikeandrose.com), the Pike Central Farm Market debuted in June 2012 and quickly became a community staple for those living and working in the White Flint District.

Vendors are regionally based - from Maryland, Virginia, West Virginia, and Pennsylvania - and include All Things Olive, Betty's Chips and Salsa, Just Peachy Organics, Oh! Pickles, Vernon's Seafood, and more than two dozen others.

The Pike & Rose community, which is currently under construction, will be located amidst a carefully orchestrated environment of open plaza parks, creative common areas, events, street festivals, outdoor markets, music and more. Shoppers, guests and patrons alike will walk, shop, eat, live and work in an experience designed for them. From one of the first rooftop garden plots for rent in the county to a new path of streets lined with a mix of the area's most vibrant shops, eateries and entertainment, Pike & Rose will be the area's must-experience destination.

“One of the main objectives of Federal when planning and developing Pike & Rose was to build a new enduring neighborhood for the surrounding community,” said Evan Goldman, vice president of development for Federal Realty Investment Trust. “The farm market is one piece of that puzzle, and their successful launch last year is proof that the demand exists for the type of amenities Federal provides. We are so excited they are returning again in 2013.”

The Pike Central Farm Market will be open every Saturday from April 13 through November.  To learn more about the Pike Central Farm Market, Pike & Rose, or to speak with Evan Goldman, please contact Nick Massella, 301.229.6770, nick@brandlinkdc.com.

About Pike & Rose

Pike & Rose is a 24-acre mixed-use development and the first major project to break ground in the designated White Flint District since the approval of the White Flint master plan.

Spanning 24 acres, Pike & Rose is a key component in the area’s revitalization and will feature 450,000 square feet of retail, 1.1 million square feet of office space, 1,500 residential units and 250,000 square feet of hotel space all less than a quarter mile from the White Flint Metro station. Pike & Rose will incorporate the best of what Federal Realty has created at its other mixed-use properties across the country, including Santana Row in San Jose, CA, and Bethesda Row in Bethesda, MD. Phase One of the project will deliver in 2014.

About Federal Realty Investment Trust

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 19.6 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 95.3% leased to national, regional, and local retailers as of December 31, 2012, with no single tenant accounting for more than approximately 3.2% 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 45 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.