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Photo Credit: Montaje -Federal Realty

HOBE SOUND, FL – Federal Realty Investment Trust, (NYSE: FRT) chooses Champion Utility Billing Services to sub-meter and bill Phase II of the burgeoning project known as Assembly Row.

Located in Somerville, Mass., Assembly Row is ingenuity at its finest. It’s a mixed-use development, a neighborhood that offers outlet shopping, entertainment and dining, coupled with residences and offices. Backed by an impressive catalogue of accolades, Assembly Row is leaving an indelible mark on the community. The Boston Business Journal has said it’s “one of Greater Boston’s transformational projects.” The Boston Globe Magazine has called it a “game changer.” It was named “neighborhood of the year” both in 2015 and in 2016 from Curbed Boston. And it has even received NAIOP’s 2016 “Distinguished Real Estate Award.”

This is quite the gem in Boston’s suburban backyard, and Champion couldn’t be more proud to be a part of it.

Champion first came on board in 2015. Phase I of Assembly Row was underway, and Federal needed a comprehensive energy management package to benchmark and recover its utility costs. Since the two companies had already established an ongoing business relationship at the time, Federal was confident Champion was right for the job.

Champion’s team assisted in the development and implementation of an advanced sub-metering system that provided Federal with granular data, transparent reporting and accurate billing. And now that Champion has been awarded this most recent contract, it will continue to implement energy management technologies in Phase II.

“We are pleased Federal was satisfied with the results at Assembly Row: Phase I, and appreciate the opportunity to work on Phase II,” Charles Bianco, Founder and Senior VP, says. It’s been a pleasure to work with a professional team at Assembly Row, and we’re looking forward to Phase III.

More than 20 retailers and restaurants are slated to open at Assembly Row in 2017 including FitROW, a cluster of five boutique fitness studios, and a 447-unit apartment community, Montaje.

Champion will also be providing Montaje’s residents with utility billing services.

Federal has built a waterfront community that is healthy, productive and sustainable. When it is all said and done, it will feature more than 500,000 square feet of retail, 2,100 residential units and 1.75 million square feet of office space.

For further information, contact the Marketing Department at 800.336.6033 ext. 14

About Champion Utility Billing Services

Champion – a Florida-based company – was founded with the goal of bringing an unprecedented level of quality customer service to its clients. With more than 40 years of combined experience in the sub-metering industry, Champion clients are developers, builders, owners and property management companies. Projects include commercial/industrial, mixed-use and multi-tenant properties. With more than $10 billion in real estate sub-metered, Champion has develops a customized utility energy management solution that will guard utility resources and give clients a competitive edge. From equipment installation, retrofits and equipment service to advance sub-metering technology, personalized customer service and billing services, Champion prides itself on providing a turn-key sub-metering package to fit your overall utility energy management needs. Visit Champion’s website at www.championutility.com

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 97 properties include over 2,800 tenants, in approximately 23 million square feet, and over 1,800 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 49 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.



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