The purchase price of $72 per square foot is a 45% discounttoestimated replacement cost. MRP Realty will be paidadditionalconsideration if certain returns are achieved over thenext fiveyears. The 194,183-square-foot property is located fivemiles north ofDulles Airport – close to First Potomac's SterlingPark BusinessCenter. Ashburn Center has been partially built out asa data center,and is currently 45% leased to three technology anddata storagetenants.

First Potomac, whose chairman and CEO is Doug Dontatelli,financed the acquisition through a draw on its recently expandedline of credit and available cash. It expects to spend anadditional$6 million to bring the property to stabilization, at whichpoint itis expected to generate a 13% yield on invested capital.

This week First Potomac also announced that it restructuredanunsecured revolving credit facility and a bank term loan toextend itsmaturity by three years, as well as its capacity, by $10million. Itclosed on a new $175 million unsecured revolving creditfacility toreplace its $125 million facility, which was scheduledto mature inApril 2010. The new facility matures in January 2013with anadditional one-year extension option.