CHERRY HILL, N.J., Feb. 14, 2013 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) announced today that Whole Foods Market (NASDAQ: WFM), the world's leading natural and organic supermarket and America's first national certified organic grocer, will open its first Cherry Hill Township location at Ellisburg Circle Shopping Center at Route 70 and Kings Highway in Camden County.
The grocer will occupy a 47,000 square foot space of Ellisburg Circle's 267,000 square feet of total space and is expected to open in 2014. "The Whole Foods Market concept and overall shopping experience is a perfect match for the Cherry Hill market," said John Hendrickson, Northeast Regional Chief Operating Officer for Federal Realty Investment Trust, "We are excited to bring such a tremendous and needed amenity to the community."
Acquired by Federal Realty in 1993, Ellisburg Circle Shopping Center is a regional shopping destination anchored by Buy Buy Baby and Stein Mart, with a merchandising mix currently comprised of more than 25 additional stores. "Whole Foods Market will meet our customers' growing desire for a grocer with the widest and highest-quality of natural and organic foods and products while providing opportunity to further enhance the remaining tenancy and our vision of the property," said Lance Billingsley, Director of Anchor Tenant Leasing for Federal Realty Investment Trust.
"Furthermore, the addition of Whole Foods Market is consistent with Federal Realty's sustainable efforts and continues our reinvention of Ellisburg Circle Shopping Center." Billingsley added. In 2012, the installation of roof and ground mounted solar panels was completed to meet approximately 20% of the electric needs for the tenants and common area of the Center. In addition, rain gardens were designed to enhance the atmosphere while purifying waters. To further the Center's transformation, Federal Realty will complete cosmetic upgrades to coincide with the Whole Foods Market opening.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV