First Potomac Realty Trust Signs Two New Leases Totaling 79,000 Square Feet

2008-11-17 19:04:00 -

www.first-potomac.com - First Potomac Realty Trust (NYSE:FPO) announced today that it has signed two new leases " one with the U.S. General Services Administration (GSA) and the other with Sutron Corporation.
GSA has leased 51,279 square feet in the Company"s Interstate Plaza property in Alexandria, Virginia. Interstate Plaza is a two-story building totaling 109,081 square feet with great visibility from the Springfield Mixing Bowl (the intersection of I-95, I-495, and I-395). GSA is taking the entire upper level of the building and is scheduled to occupy the space in January 2009.
Sutron Corporation is the lead tenant for the Company"s newly constructed building in its Sterling Park Business Center in Sterling, Virginia. Sutron Corporation will occupy 27,817 square feet and is scheduled to take occupancy in May 2009. Located just off Route 28 and only minutes from the Dulles Toll Road and the Dulles International Airport, Sterling Park Business Center consists of six buildings totaling 436,509 square feet with developable land that can accommodate an additional 335,000 square feet.
"We are very pleased with the level of our leasing activity, especially given the current economic environment," said Douglas Donatelli, First Potomac"s Chairman and Chief Executive Officer. "These two transactions add to what was already a record year of leasing for First Potomac."
About GSA
GSA provides a centralized delivery system of products and services to the federal government, leveraging its enormous buying power to get the best value for taxpayers. GSA"s mission to provide superior workplaces, expert technology solutions, acquisition services, purchasing and E-Gov travel solutions and management policies, at best value, allows federal agencies to focus on their core missions.
About Sutron Corporation
Sutron Corporation has provided Hydrologic, Meteorologic and Oceanic Real-Time Data Collection and Control Products, Systems, Software, Services and over 40,000 Stations to collect, store, transmit and/or host real-time data from extreme, remote sites to Pocket, Desktop, or Laptop PCs anywhere on the planet. Using Satellite, Internet (Web Posting), LOS Radio and Telephone Communications, Sutron designs, manufactures, installs, services and supports a wide variety of Hydro-Met and Oceanic/Coastal Monitoring Solutions.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning and operating industrial properties and business parks in the Washington, D.C. metropolitan area and other major markets in Virginia and Maryland. The Company"s portfolio totals approximately 12 million square feet. The Company's largest tenant is the U.S. Government.
For more information, please visit us at www.first-potomac.com/


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