Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Federal Realty Acquires East Bay Bridge Shopping Center
-Property is located in desirable Bay Area sub-market-

ROCKVILLE, Md., Jan. 2, 2013 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) today announced the acquisition of East Bay Bridge shopping center, a 438,000 square foot, grocery-anchored power center spanning two municipalities, Emeryville and Oakland, California.  The Trust paid cash consideration of $53.7 million and assumed an existing $62.9 million mortgage loan secured by the property. 

(Logo: http://photos.prnewswire.com/prnh/20050907/DCW070LOGO )

East Bay Bridge is anchored by a 60,000 square foot Pak 'N Save by Safeway supermarket, 140,000 square foot Target, and 100,000 square foot Home Depot, with 14 additional retailers including Sports Authority, Michael's, Pacific Sales Kitchen and Bath, and Office Max.  The property was constructed in 1994, and sits within a larger mixed use site of 50 acres with additional retail, a hotel, and an apartment complex.  East Bay Bridge is located at the intersections of three major highways, I-80, I-580 and I-880 and spans ten city blocks along 40th Street with over 2,800 feet of freeway visibility and 3,300 feet of street frontage along 40th Street. The property's dominant location, along three major highways, boasts significant daily traffic counts of 216,000 cars per day to the south on I-580 and 288,000 cars per day to the west along I-580/I-880 with those counts expected to grow once the expansion of the Caldecott Tunnel is completed in 2013.

"East Bay Bridge shopping center is well located in a very supply constrained trade area in the densely populated East Bay market with top tier, top performing national tenants that draw from a wide trade area," commented Jeff Berkes, president – west coast. "We were attracted to the investment because of the strength of its location, the strength of the tenancy, and the fact that most of the leases were negotiated nearly 20 years ago and, as a result, are substantially below today's market rents."

At closing in late 2012, Federal Realty incurred approximately $1 million ($0.02 per diluted share) of closing costs associated with the acquisition, which had not previously been included in the Trust's 2012 FFO per diluted share guidance.  This acquisition is expected to be accretive to Federal Realty's earnings beginning in 2013, and is expected to provide value creation for the Trust in both the medium and longer term. 

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 real estate in the country's best markets.  As of September 30, 2012, Federal Realty's portfolio (excluding joint venture properties) contained approximately 19.1 million square feet located primarily in strategically selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, 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 95.1% leased to national, regional, and local retailers as of September 30, 2012, with no single tenant accounting for more than approximately 3.1% 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.  For more information, please visit www.federalrealty.com.

Media Inquiries

Investor Inquiries

Andrea Simpson

Kristina Lennox

Director, Marketing

Investor Relations Coordinator

617/684-1511

301/998-8265

asimpson@federalrealty.com 

klennox@federalrealty.com

SOURCE Federal Realty Investment Trust

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp ...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud comput...
What exactly is a cognitive application? In her session at 16th Cloud Expo, Ashley Hathaway, Product Manager at IBM Watson, will look at the services being offered by the IBM Watson Developer Cloud and what that means for developers and Big Data. She'll explore how IBM Watson a...
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud E...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE