Federal Realty Investment Trust Adds Experience to its Boston Leasing and Acquisition Teams
01 Dezembro 2009 - 6:15PM
PR Newswire (US)
ROCKVILLE, Md., Dec. 1 /PRNewswire-FirstCall/ -- Federal Realty
Investment Trust (NYSE:FRT) today announced that it has further
strengthened its retail real estate presence in the Boston market
by adding two experienced real estate professionals to oversee its
acquisitions and leasing in the Boston region. Ed Senenman brings
more than 20 years of experience to his new role to source Federal
Realty's investment opportunities in the Northeast region and Lee
Anne Klemyk adds 20 plus years of leasing experience to the team as
she takes on responsibility for leasing Federal Realty's New
England portfolio. These new hires come on the heels of Federal
Realty's recent announcement that Don Briggs will head the Trust's
Boston office, demonstrating Federal Realty's commitment to the
region. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO ) "With the
addition of two seasoned professionals, we are furthering our
commitment to expand Federal Realty's footprint in New England, and
improve our core operations in the region," commented Don Briggs,
president Federal Realty Boston. "In addition, both Lee Anne and Ed
will bring a wealth of experience as we assess the future
development of Assembly Square." Mr. Senenman will be responsible
for acquiring high-quality retail properties that meet Federal
Realty's investment criteria in the Trust's Northeast region, which
extends from Boston to Philadelphia. "Ed's significant experience,
existing relationships and market knowledge in the Northeast
enhances our ability to pursue high-quality investments in this
region," said Jeff Berkes, executive vice president - chief
investment officer for Federal Realty. "With significant capital
available to invest, we're excited to welcome Ed to Federal
Realty's acquisitions team." Prior to joining the Trust, Mr.
Senenman served as vice president of acquisitions for Kimco Realty
Corporation where he was involved in the acquisition of shopping
centers totaling several billion dollars. Mr. Senenman received
both an MBA in Finance and BBA in Accounting from Hofstra
University and has more than 20 years of experience in all facets
of retail property acquisitions, property valuations, asset
management, and development. 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 of space. Ms. Klemyk
graduated magna cum laude from Central Connecticut State University
where she received a Bachelor of Science degree in Marketing. "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," 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." 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 Gina Birdsall Corporate Communications Manager
Investor Relations Manager 301/998-8185 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, ; or Gina
Birdsall, Investor Relations Manager, +1-301-998-8265, Web Site:
http://www.federalrealty.com/
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