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Tag Archives: first potomac realty trust

Md. REIT to lay off 72 in Bethesda and Columbia

First Potomac Realty Trust, a Bethesda real estate investment trust that has announced plans to merge with another REIT based in Massachusetts, now plans to lay off 72 workers in Maryland. First Potomac told the state Department of Labor, Licensing and Regulation ...

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First Potomac Realty Trust sells for $1.4B

Massachusetts-based Government Properties Income Trust has agreed to purchase Bethesda-based real estate investment trust First Potomac Realty Trust for $1.4 billion. The deal includes assuming First Potomac Realty Trust’s debt in addition to the purchase price. Shareholders will receive $11.15 ...

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First Potomac sells Northern Virginia portfolio

Bethesda-based First Potomac Realty trust has sold a Northern Virginia portfolio of office buildings to Finmarc Management Inc. for $90.5 million. The portfolio consists of 26 buildings that total 946,000 square feet of space that was 78 percent leased at ...

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Md. realty trust sells Va. industrial property for $32.5 million

Bethesda-based First Potomac Realty Trust, which owns and operates office and business park properties in the greater Washington region, has sold a Virginia property for $32.5 million. The company sold Newington Business Park Center, a seven-building, 256,000 square foot industrial ...

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First Potomac rises in FFO

First Potomac Realty Trust, of Bethesda, which focuses on office and business park properties in the Washington region, reported an 18 percent increase in funds from operations for the fourth quarter and a 7.5 increase for the year. For the ...

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