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'iPic is a best in class entertainment operator and the execution of this lease provides a clear indication as to the type of overall development and first class, experience-driven environment we are creating at Pike & Rose. It is a completely new and unique way of enjoying an evening out', said Wendy Seher, vice president, leasing for Federal Realty. 'There is not another experience like iPic in this market, or on the east coast.

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Pike & Rose residents and guests will be able to enjoy iPic's unique atmosphere and entertainment offerings even if a movie is not on their agenda. In addition to the theater, iPic will also boast a signature restaurant, Tansy, and Salt, its spirited bar with an extensive beverage selection and a first-in-market 'select and serve' wine tower.

In-cinema dining with fresh chef creations made on site at their restaurant.

Seating with unobstructed views featuring large micro-suede chairs complete with tables to enjoy an extensive food and beverage selection while enjoying the entertainment.

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Reserved premium plus seating that boasts reclining chairs, pillows and blankets, popcorn and in-cinema service for the first 20 minutes of a movie.

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Never waiting in a ticket line thanks to iPic's free membership program and all reserved seating.

iPic's all digital, state-of-the-art sound auditoriums and entertainment program will offer a number of options including: Federal Realty's Pike & Rose will bring this sought after entertainment experience to Montgomery County, Maryland, introducing a new way to enjoy a movie, music, wine, and food. IPic theaters are currently located in Arizona, California, Illinois, Wisconsin, Washington, and Texas. Nationally known retailers such as Bed, Bath & Beyond, The Container Store, Yard House and Trader Joe's have come to trust in our established approach to real estate and recognize the benefits of operating at our properties,' said Chris Weilminster, senior vice president, leasing for Federal Realty Investment Trust. 'iPic will join a long list of retailers that have chosen to launch their brands in new markets with Federal Realty.

Having iPic as our first anchor at this development sets the stage for an exciting mix of tenants to come and we are proud to have them premiere their experience with us on the east coast.'

'iPic's approach to creating a best in class guest experience is what Federal Realty strives to do with each of our properties. 'Retailers cite Federal Realty's proven leadership in developing dynamic, immersive, mixed use destinations and our history of strong operations as key reasons they choose to launch their brands with us in our markets,' said Don Wood, president and chief executive officer at Federal Realty Investment Trust. 8, 2012 /PRNewswire/ - Federal Realty Investment Trust (NYSE: FRT) today announced the execution of a 44,000 square foot lease with iPic Entertainment for an eight-screen theater, dining, and entertainment venue at Pike & Rose, its 24+ acre mixed use development in Rockville, Maryland.