First Potomac Realty Nabs 4 DC-Area Office Buildings

Law360, New York (November 28, 2011, 8:26 PM EST) -- Industrial real estate investment trust First Potomac Realty Trust has purchased two office buildings outside Washington, and a controlling stake in two others, that are worth about $121 million and offer 411,517 square feet all together.

The properties were acquired in two transactions — the purchase of a 51 percent interest in Metro Place III and IV in Merrifield, Va., and the $16.15 million acquisition of Hillside Center I and II in Columbia, Md.

“Both properties are fully leased and very well located, providing us with...
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