First Potomac Realty Trust Announces Pricing of Upsized Public Offering of 6.5 Million Common Shares

BETHESDA, Md.--(BUSINESS WIRE)--First Potomac Realty Trust (the “Company”) (NYSE: FPO) today announced that it had priced an underwritten public offering of 6,500,000 common shares of beneficial interest at a public offering price of $14.70 per share, for net proceeds of approximately $91.1 million, after deducting the underwriting discount and estimated offering costs. The offering was upsized from an original amount of 6,000,000 shares to the final offering size of 6,500,000 shares. The Company also granted the underwriters a 30-day option to purchase up to an additional 975,000 common shares at the public offering price, less the underwriting discount. The offering is expected to close on or about May 24, 2013, subject to customary closing conditions.