Federal Realty Investment Trust has acquired Village Pointe, an open-air lifestyle center in Omaha for $153.3 million.

The 453,000-square-foot property is situated in a prime location in one of the market’s most established commercial corridors. “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 Leawood acquisition, it exhibits the core traits of our top-performing centers: strong tenant sales, an attractive consumer base, and limited competing supply.”

Village Pointe features a mix of national and premium lifestyle retailers, including Apple, lululemon, Sephora, Coach, Bentley, Nordstrom Rack and shadow-anchor Scheels. The property offers access to the broader Omaha MSA within a 30-minute drive and is surrounded by new residential development and major employers including Berkshire Hathway, Union Pacific, Mutual of Omaha, PayPal, and LinkedIn.