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First Potomac Realty Trust Signs Three New Leases at Atlantic Corporate Park

^{Published on 2011-10-18 05:17:19 - Market Wire}
 

BETHESDA, Md.--([ BUSINESS WIRE ])--First Potomac Realty Trust (NYSE: FPO), a leading owner of office and industrial properties in the greater Washington, D.C. region, today announced that it has executed three new leases totaling 23,802 square feet at Atlantic Corporate Park in Sterling, Virginia.

"We have no doubt we will continue to add high-quality tenants to the roster at this best-in-class site in the coming months."

American Medical Student Association signed a 10-year lease for 11,080 square feet. EduCap, a student loan administrator, signed a five-year lease for 7,197 square feet and OneVoice Communications signed a six-year lease for 5,525 square feet. Both AMSA and EduCap are relocating their corporate headquarters to the new Atlantic Corporate Park location. The two-building project is now 26% leased.

aTenants are relocating to Atlantic Corporate Park because it is the premier office park in Loudon County and we are able to offer competitive leasing rates for first-class space,a said Tim Zulick, Senior Vice President, Leasing for First Potomac Realty Trust. aWe have no doubt we will continue to add high-quality tenants to the roster at this best-in-class site in the coming months.a

First Potomac acquired the newly constructed Atlantic Corporate Park in December 2010 for $22.55 million. The property consists of two, four-story Class A LEED Gold Certified office buildings, totaling 221,182 square feet. The amenity-rich buildings feature an on-site fitness center, conference rooms and green space, and are located within walking distance of restaurants, lodging and shopping.

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 June 30, 2011, the Company's portfolio totaled over 14 million square feet. Its portfolio consists of 38% business parks, 39% office and office parks, and 23% industrial properties. FPO shares are publicly traded on the New York Stock Exchange [ (NYSE:FPO) ]. For more information, please visit [ www.first-potomac.com ].