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Share Name | Share Symbol | Market | Type |
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First Potomac Realty Trust | NYSE:FPO.PRACL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
BETHESDA, Md., May 29, 2014 /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 four lease transactions totaling 19,354 square feet at the newly redeveloped 440 First Street, NW in Washington, D.C.
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"We are very pleased with the leasing momentum that we are experiencing at the newly redeveloped 440 First Street," stated Ernest Jarvis, Senior Vice President at First Potomac Realty Trust. "We are able to accommodate immediate occupancy tenants who desire a Capitol Hill location in a building with exceptional amenities."
First Potomac Realty Trust acquired the property in 2011 and completed a full-building renovation in October 2013. The 140,000 square foot, Class A office building boasts spectacular views of the U.S. Capitol and the Washington Monument. Located just blocks from Capitol Hill, 440 First Street is served by both Union Station and the Judiciary Square Metro. The building boasts two rooftop terraces, a conference center/boardroom, a state-of-the-art fitness center, and retail/restaurant space on the lobby level.
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 March 31, 2014, the Company's consolidated portfolio totaled 8.7 million square feet. Based on annualized cash basis rent, the Company's portfolio consists of 54% office properties and 46% 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
vkayne@first-potomac.com
SOURCE First Potomac Realty Trust
Copyright 2014 PR Newswire
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