First Potomac Realty Trust Signs DTLR to Long-Term Lease at 7458 Candlewood Road in Hanover, MD

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 DTLR, Inc. has signed a 10-year lease for 139,690 square feet at 7458 Candlewood Road in Hanover, Maryland.

First Potomac acquired the 295,673-square-foot warehouse facility in late 2010. DTLR will occupy the majority of the space vacated by Frank Parsons Paper who filed for Chapter 11 bankruptcy in early 2011.

“The fact that we were able to identify potential tenants and backfill the space so quickly is a perfect example of our firm’s local market expertise and the strength of the industrial market along the Baltimore-Washington Corridor,” stated Tim Zulick, Senior Vice President of Leasing for First Potomac Realty Trust. “We are very pleased that DTLR selected Candlewood and we are confident that the property will continue to generate attractive returns for our shareholders.”

DTLR is consolidating its office and warehouse operations at the property. This transaction represents a slight expansion for the firm and will bring 7458 Candlewood Road to approximately 85-percent leased.

The original 184,862-square-foot building was developed in 1985 by Mercedes-Benz and expanded by 110,811 square feet in 2009. The property enjoys easy access to MD Route 100, a major east-west artery in the Baltimore- Washington corridor. It is located within minutes of I-95, I-97, I-295 and the Baltimore Beltway. The property also allows for convenient access to BWI Airport and the deep-water inland Port of Baltimore.

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.