Keene properties sold in $62.9m deal
Federal Realty Investment Trust has sold two properties in Keene and a third in Maine to a New York firm for a combined price of $62.9 million.
The sale of the Riverside Plaza and the Key Road Plaza in Keene and the Bath Shopping Center in Bath, Maine, generated a book gain of $2 million, according to the Rockville, Md.-based trust.
All three were acquired by DLC Management Corp. of Tarrytown, N.Y.
All three properties were acquired by Federal Realty in August 2006 to “facilitate the purchase of $150 million of high-quality assets in the Boston metropolitan area,” said the firm. — CINDY KIBBE