First Potomac Realty Trust Signs New Leases Totaling 27,283 Square Feet In NW Washington, D.C.
BETHESDA, Md., Feb. 11, 2015 /PRNewswire/ -- First Potomac Realty Trust (NYSE: FPO), a leading owner of office and business park properties in the greater Washington, D.C. region, today announced five new lease transactions totaling 27,283 square feet at two newly redeveloped properties, 440 First Street, NW and 1211 Connecticut Avenue, NW.
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440 First Street, NW is now 57.8% leased with the addition of the following two tenants:
- Lewis-Burke Associates, LLC, a full-service government relations firm, signed a lease totaling 10,670 square feet. They will be relocating from the East End to Capitol Hill. William Meyer and Jim Rayborn from The Meyer Group represented Lewis-Burke Associates, LLC.
- The Appraisal Institute, a professional association of real estate appraisers, signed a lease totaling 1,412 square feet. William Quinby and David Cornbrooks of Savills Studley represented the Appraisal Institute.
1211 Connecticut Avenue, NW is now 98% leased with the addition of the following three tenants:
- RepEquity, an online brand management company specializing in search, social media, web and mobile development and analytics, signed a lease totaling 8,268 square feet. Greg Lubar from JLL represented RepEquity.
- Public Campaign, a campaign finance watchdog, signed a lease totaling 6,033 square feet. Elizabeth Cooper and Kayma Liburd from JLL represented Public Campaign.
- International Student Conferences, a non-profit organization facilitating academic and cultural exchange programs, signed a lease totaling 900 square feet. Fletcher Gill and Collin Brown of The Genau Group represented ISC.
"We are thrilled to see the leasing momentum continue at these two exceptional properties," stated Bob Milkovich, Chief Operating Officer at First Potomac Realty Trust. "This activity is indicative of First Potomac's leasing expertise, as well as the well-executed modernization of these two properties. We look forward to accommodating these tenants in our buildings."
Evan Behr and Doug Mueller from JLL represented First Potomac in these transactions.
First Potomac Realty Trust purchased 440 First Street, NW in 2011. Full renovations of the building were completed in 2013. The 140,000 square foot, Class A office building provides many amenities, including restaurant and retail space on the lobby level, as well as two rooftop terraces and a state-of-the-art fitness center. Located blocks from Capitol Hill, the building boasts spectacular views of both the U.S. Capitol and the Washington Monument.
First Potomac Realty Trust purchased 1211 Connecticut Avenue, NW in 2010. Full renovations of the building were completed in 2014. The eight-story office building includes a state-of-the-art fitness center, as well as access to nearby restaurants and shops. On-site parking is included with 24-hour security and an on-site attendant. Located in the CBD, 1211 Connecticut Avenue is just blocks from the Farragut North and Dupont Circle metro stations on Metro's Red Line.
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. As of September 30, 2014, our consolidated portfolio totaled 8.9 million square feet. Based on annualized cash basis rent, our portfolio consists of 59% office properties and 41% 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, with the potential for another 700,000 square feet in future development projects. Approximately half of the portfolio's multi-story office square footage is LEED or Energy Star Certified. FPO common shares (NYSE: FPO) and preferred shares (NYSE: FPO-PA) are publicly traded on the New York Stock Exchange.
Media Contact:
Vikki Kayne
301.986.9200
[email protected]
SOURCE First Potomac Realty Trust
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