BETHESDA, Md., July 10, 2013 /PRNewswire/ -- First Potomac
Realty Trust (NYSE: FPO), a leading owner of office and business
park properties in the greater Washington, D.C. area, today announced that
Associated Builders and Contractors, Inc. (ABC) has signed an
11-year lease for 19,830 square feet at 440 First Street,
NW.
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Located in the prominent Capitol Hill submarket, the building is
140,000 square feet, with a glass curtain wall design that allows
an abundance of natural light into the spaces and provides views of
the Capitol and the Washington Monument. The Class A building
boasts two rooftop terraces, a conference center/boardroom, a
state-of-the-art fitness center and underground parking, as well as
retail and restaurant space on the ground floor. Ideally situated
between the Union Station and Judiciary Square Metro stops, 440
First Street is expected to be substantially complete by the end of
July. First Potomac is pursuing LEED Platinum certification
for the building which is also the first in the downtown office
market to use a Dedicated Outside Air System (DOAS) with 100% fresh
air.
"We're very excited to welcome ABC as our first office tenant to
440 First Street," stated Ernie
Jarvis, Senior Vice President of First Potomac Realty
Trust. "As the building nears completion, we expect to
welcome many more tenants looking to take advantage of the newly
renovated property's first-rate amenities and excellent
location."
ABC, is joined by Cafe Phillips which signed a 3,221 square foot
retail lease in March.
"This Capitol Hill location will provide ABC with the
opportunity to be closer to legislators, policymakers and our
coalition partners," said Jason
Daisey, Chief Financial Officer for ABC. "The new
space at 440 First Street offers a great return on investment for
ABC's members and is reflective of who we are and what we stand
for, in addition to displaying best practices in construction and
design."
Mindy Saffer of CRESA and Eric
West of West, Lane & Schlager represented ABC in the
transaction.
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. A key element of First Potomac's overarching strategy
is its dedication to sustainability. Nearly 1 million square feet
of First Potomac property is LEED Certified, with the potential for
another 1 million square feet in future development projects.
Approximately half of the portfolio's multi-story office square
footage is LEED or Energy Star Certified and 81% of First Potomac's
Washington, DC portfolio is Energy
Star Certified. FPO common shares (NYSE:FPO) and preferred shares
(NYSE:FPO-PA) are publicly traded on the New York Stock Exchange.
For more information, please visit www.first-potomac.com.
About Associated Builders and Contractors
Associated Builders and Contractors (ABC) is a national
trade association representing 22,000 members from more than
19,000 construction and industry-related firms. Founded on the
merit shop philosophy, ABC and its 72 chapters help members
win work and deliver that work safely, ethically and profitably for
the betterment of the communities in which they work. Visit us
at www.abc.org.
Media Contact:
Vikki Kayne
301.986.9200
vkayne@first-potomac.com
SOURCE First Potomac Realty Trust