Health & Fitness
First Potomac Signs Full Floor Lease at Prosperity Metro Plaza in Fairfax, VA
BETHESDA, MD – October 17, 2013 – First Potomac Realty Trust (NYSE: FPO) a leading owner of office and business park properties in the greater Washington, D.C. area, today announced that Pyramid Systems, Inc. has signed a 23,379 square feet lease at Prosperity Metro Plaza in Fairfax, Virginia.
First Potomac acquired Prosperity Metro Plaza buildings III and IV in late 2011 in a joint venture with the Coakley family. The buildings are located adjacent to the Metro station in Merrifield, Virginia, a burgeoning mixed-use, transit-oriented community. Constructed in 2001, the buildings are primarily leased to the U.S. Government and government contractors.
“The desirable location combined with on-site amenities continues to make Prosperity Metro Plaza a sought-after location for tenants within Merrifield,” stated Edward Zaptin, Vice President of Leasing, Northern Virginia region, at First Potomac Realty Trust. “We are very pleased to add Pyramid Systems to our valued list of tenants, and we are grateful for how the brokers representing both sides helped us achieve a quick and successful lease negotiation.”
Find out what's happening in Bethesda-Chevy Chasewith free, real-time updates from Patch.
Josh Masi, Matt Bundy, and Jeanette Ko with Transwestern represented First Potomac. Eddie Saa and Tim Jacobs with DTZ, and Paul Carney with Transwestern represented Pyramid Systems.
The two building project is now 96.6% leased.
Find out what's happening in Bethesda-Chevy Chasewith free, real-time updates from Patch.
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 high quality office and business park properties in the greater Washington, D.C. region. As of June 30, 2013, the Company's consolidated portfolio totaled approximately 9 million square feet. Based on annualized cash basis rent, the Company's portfolio consists of 52% office properties and 48% business park and industrial properties. A key element of First Potomac's overarching strategy is its dedication to sustainability. Nearly one million square feet of First Potomac property is LEED Certified, with the potential for another one million square feet in future development projects. Approximately half of the portfolio's multi-story office square footage is LEED or Energy Star Certified and 81% 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.