DOD is leasing 51,279 square feet at Interstate Plaza propertyin Alexandria, VA. Interstate Plaza is a two-story buildingtotaling 109,081 square feet. DOD is scheduled to move in January2009. Sutron Corp. will occupy a newly constructed building inFirst Potomac's six-building Sterling Park Business Center, inSterling, VA., taking 27,817 square feet. First Potomac did notreturn a call to in time for publication.


In Q3 the company executed 553,000 square feet of leases,according to its Q3 earnings report. New leases brought in anadditional 307,000 square feet of occupancy; 246,000 square feet ofthe Q3 leasing activity were renewals. Sterling Business ParkCenter registered 69,000 square feet of renewals in Q3. Rentalrates per square foot increase 10% for new leases and 5% forrenewal leases on a GAAP basis, according to the earningsreport.


First Potomac's portfolio was 88.8% leased and 86.3% occupied atSeptember 30, 2008 compared to 88.2% leased and 86.6% occupied atJune 30, 2008.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.