First Potomac Realty Trust Brings D.C. Office Building To 100% Leased

Integra Realty Resources and Avineon, Inc. sign leases at 840 First Street, NE In NoMa

12 Jan, 2016, 16:15 ET from First Potomac Realty Trust

BETHESDA, Md., Jan. 12, 2016 /PRNewswire/ -- First Potomac Realty Trust (NYSE: FPO), a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced two lease transactions totaling 5,661 square feet at 840 First Street, NE in Washington, D.C., bringing the property to 100% leased.

  • Integra Realty Resources – Washington, D.C., an independent firm that provides valuation and consulting services for various types of real property with special emphasis on investment grade real estate, signed a 2,937 square foot lease.  John Benzinger with Cushman & Wakefield represented Integra Realty Resources in the transaction.
  • Avineon, Inc., a global technology company specializing in information technology, geospatial, and engineering services for government and private industry, signed a 2,724 square foot lease.  John Duffy and Paul DeFilippes with Summit Commercial Real Estate represented Avineon, Inc. in the transaction.

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840 First Street, NE, Washington, D.C., is a Class A, twelve-story, Energy Star Certified office building located adjacent to Union Station in the city's growing NoMa submarket. 

Phillip Thomas and James Collins with Cushman represented First Potomac Realty Trust in the transactions.

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 business park properties in the greater Washington, D.C. region.  FPO common shares (NYSE: FPO) and preferred shares (NYSE: FPO-PA) are publicly traded on the New York Stock Exchange.  As of September 30, 2015, our consolidated portfolio totaled 7.8 million square feet. Based on annualized cash basis rent, our portfolio consists of 64% office properties and 36% business park and industrial properties. A key element of First Potomac's overarching strategy is its dedication to sustainability. Over one million square feet of First Potomac property is LEED Certified and approximately half of the portfolio's multi-story office square footage is LEED or Energy Star Certified.   

Company Contact: Vikki Kayne VP, Marketing & Communications (240) 223-0726 vkayne@first-potomac.com

 

SOURCE First Potomac Realty Trust



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