First Potomac Realty Trust Signs over 47,000 Square Feet of New Leases at
Two Value-Add Properties in Northern Virginia
-Three Flint Hill now 80-Percent Leased-
BETHESDA, Md. -- January 23, 2013
First Potomac Realty Trust (NYSE:FPO), a leading owner of office and
industrial properties in the greater Washington, D.C. region, today announced
the signing of four new leases, totaling 47,491 square-feet, at Three Flint
Hill and Atlantic Corporate Park, two of its value-add properties in Northern
“Redeveloping Three Flint Hill allowed us to maximize its value-add potential,
and as a result attracted both established and entrepreneurial tenants who are
looking for energy efficient, first-class facilities,” stated James ”Skip”
Dawson, Executive Vice President and Chief Operating Officer of First Potomac
Realty Trust. “Atlantic Corporate Park is another LEED certified property in
our Northern Virginia portfolio offering high quality space in the heart of
Loudoun County’s best amenities.”
Three new leases at Three Flint Hill bring the redevelopment property up to
80-percent leased since delivering at the end of 2011. Recent leasing
*First Heritage Mortgage, LLC, a full service mortgage lender that provides
home loans in Virginia, Maryland, Washington, D.C., Delaware and West
Virginia, will occupy the entire eighth floor at the property. First
Heritage has signed a seven-year lease for 18,673 square feet.
*Intec Group, Inc., an integrated architecture and interior design firm,
signed a seven-year lease for 7,641 square feet.
*OTA Broadcasting, LLC, an owner and operator of independent television
stations in large markets throughout the United States, has leased 1,966
square feet for five years.
First Potomac completed an extensive $10-million renovation of Three Flint
Hill in 2011. The 8-story office building includes a tenant-only fitness
center, private terraces and a penthouse conference facility that can
accommodate up to 130 people. The property is the first redeveloped office
building in the Oakton, Virginia submarket to earn LEED Gold certification.
Three Flint Hill has been honored as a Best Real Estate Deal by The Washington
Business Journal in the Best Rehab/Reuse category, as well as Best Building
Renovation – Capital Improvement by NAIOP Northern Virginia’s Awards of
TetraTech, Inc., a worldwide integrated consulting, engineering and technical
services company, has leased 19,211 square feet at Atlantic Corporate Park.
Atlantic Corporate Park is LEED Gold certified and consists of two four-story
Class A office buildings, totaling 221,182 square feet.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate
investment trust that focuses on owning, operating, developing and
redeveloping office and industrial properties in the greater Washington, D.C.
region. As of September 30, 2012, the Company's consolidated portfolio totaled
approximately 14 million square feet. Based on annualized cash basis rent, the
Company’s portfolio consists of 43% office properties, 36% business parks and
21% industrial properties. A key element of First Potomac's overarching
strategy is its dedication to sustainability. Nearly 1 million square feet of
First Potomac property is LEED Certified, with another 1 million square feet
currently in development. Over half the portfolio's multi-story office square
footage is LEED or Energy Star Certified and 82% of First Potomac’s
Washington, DC portfolio is Energy Star Certified. FPO common shares
(NYSE:FPO) and preferred shares (NYSE:FPO-PA) are publicly traded on the New
York Stock Exchange. For more information, please visit www.first-potomac.com.
First Potomac Realty Trust
Vikki Kayne, 301-986-9200
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