Federal Realty Investment Trust Acquires $153M Retail Center in Omaha
Federal Realty Investment Trust has acquired Village Pointe, a premier open-air lifestyle center located in Omaha, Nebraska, for $153.3 million.
The 453,000-square-foot property is positioned in one of Omaha’s most established commercial corridors, making it a strategic investment for the company. “Village Pointe checks the key boxes for us: affluent demographics and growing population, clear unmet retail demand, proven retailer success in the location, and a truly dominant asset,” said Don Wood, President and CEO of Federal Realty. “As with our recent acquisition in Leawood, it reflects the core traits of our top-performing centers: strong tenant sales, an attractive consumer base, and limited competing supply.”
Village Pointe hosts a diverse mix of national and premium lifestyle retailers, including Apple, lululemon, Sephora, Coach, Bentley, Nordstrom Rack, and is shadow-anchored by Scheels. The center offers convenient access to the greater Omaha metropolitan area within a 30-minute drive and is surrounded by new residential developments and major employers such as Berkshire Hathaway, Union Pacific, Mutual of Omaha, PayPal, and LinkedIn.
This acquisition underscores Federal Realty’s strategic focus on high-quality retail centers with strong growth potential and an established tenant base.
