Federal Realty Investment Trust (NYSE:FRT) announced today that Giant Food will open at Perring Plaza in Baltimore, Md. in 2024.
“We are fortunate to have an established relationship with Giant Food,” said Lance Billingsley, Senior Vice President, Anchor Leasing, Federal. “With deep roots in our community, we look forward to adding Giant to a terrific mix of tenants at the recently renovated Perring Plaza.”
Renovations at the 396,000-square-foot E. Joppa Road shopping center include a refresh of the façade, updated streetscape, and the addition of a common seating area and gathering place.
Perring Plaza offers easy access and great visibility along the Baltimore Beltway. Its regional and large national retailers include Mama Lucia’s, Crazy Crab Shack, Micro Center, Home Depot, Jo-Ann, among others.
Giant Food plans to fully renovate its approximately 55,000 square foot space at Perring Plaza.
“Giant Food has been a part of the Baltimore community for nearly 70 years and we look forward to increasing our presence by adding this new store at Perring Plaza,” said Ira Kress, President of Giant Food. “We look forward to sharing more about our plans to serve the community with a new state-of-the-art store as we get closer to our completed renovations. Once open, we are sure this new location will deliver on the value, convenience, variety and quality of service for which our customers have come to know and rely on us.”
About Giant Food
Since opening its first location over 86 years ago in Washington, D.C., in 1936, Giant has been an integral part of the communities and customers it serves. Giant is committed to being a Better Neighbor and has designated four main giving pillars that address local Food Insecurity, Military Support, Pediatric Cancer Research and Social Equality. Giant is headquartered in Landover, Md. and operates 165 supermarkets in Virginia, Maryland, Delaware and the District of Columbia with approximately 20,000 associates. Included within the 165 stores are 153 full service pharmacies, and 29 Starbucks locations. Giant fits all the ways today’s busy customers want to shop- whether in store or online. With 162 Giant Pickup locations and Giant Delivers available in all of its markets, customer have even more convenient options right at their fingertips to get the best products and prices, whenever and however they choose. For more information on Giant, visit www.giantfood.com
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, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its 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 104 properties include approximately 3,200 tenants, in 26 million square feet, and approximately 3,300 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 55 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
About Perring Plaza
Located at 1951 E. Joppa Road, Perring Plaza is a grocery-anchored power center with easy access and great visibility along the Baltimore Beltway in Baltimore County, Maryland. Featuring 396,000 square feet of large national/regional retailers, the center provides 4.4 parking spaces per 1,000 square feet and includes Micro Center, Home Depot, Jo-Ann, among others.
