First Potomac Realty Trust Signs 46,000 Square Foot Lease with ept, inc. at River's...
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First Potomac Realty Trust Signs 46,000 Square Foot Lease with ept, inc. at River's Bend in Chester, Va. BETHESDA, Md.--(Business Wire)-- First Potomac Realty Trust (NYSE:FPO) announced today that it has signed a five and a half-year lease with ept, inc. (EPT), a Massachusetts electronics technology company, for approximately 46,000 square feet at 801 Liberty Way in the Company's River's Bend property in Chester, Va., south of Richmond. River's Bend is a class-A industrial and business park totaling approximately 795,000 square feet. The property is conveniently located just minutes from I-295 and I-95 and adjacent to River's Bend Shopping Center. "EPT is a quality tenant to bring into our Richmond portfolio," said Tony Beck, First Potomac's regional vice president for Southern Virginia. "With the addition of this tenant, our River's Bend properties are 96% leased." Construction is underway, and EPT is expected to occupy its space in the fourth quarter of 2008. About ept, inc. ept, inc., which stands for electronic precision technology, is the North American affiliate of ept GmbH & Co, KG. A family owned business with decades of experience, ept is a partner in the development and production of connectors and processing technology solutions for the global market. The River's Bend facility will be their North American Headquarters. 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 11.4 million square feet. The Company's largest tenant is the U.S. Government. Media Contact: Engle & Co. Rob Engle, 703-356-8230 or Investor Contacts: Barry Bass, Chief Financial Officer, 301-986-9200 or Corporate Communications, Inc. Tripp Sullivan, 615-254-3376 Copyright Business Wire 2008
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