First Potomac Realty Trust Signs Nearly 50,000 Square Feet at Three Flint Hill Office Building in Oakton, Virginia
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 signed its first three leases at Three Flint Hill, a 181,400 square-foot office property located at 3201 Jermantown Road in Oakton, Virginia. The company acquired the then-vacant property in April 2010 for $13.6 million and is near completion of an extensive $10 million renovation of the building, including the building façade, interior common spaces and mechanical systems.
The three new tenants are CDM, which signed a 10-year lease for 31,353 square feet, Leap Frog Solutions, which signed a seven-year lease for 11,434 square feet, and The Susan Hicks Group PC, which signed a seven-year lease for 6,000 square feet.
“Three Flint Hill will be the first LEED-certified building in the Oakton submarket,” said Tim Zulick, Senior Vice President, Leasing for First Potomac. “This will provide us with a clear advantage over other Class A facilities in Fairfax County. We welcome CDM, Leap Frog and The Susan Hicks Group as tenants of First Potomac.”
Additional upgrades include a café with outdoor seating, a fully equipped, tenant-only fitness center, a conference facility that can accommodate up to 120 people and private green roof garden terraces for the eighth-floor tenant. The building has both underground and surface parking. For more information on Three Flint Hill please visit threeflinthill.com.
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.