The warehouse, which delivered one year ago, is located at 3732Cook Blvd. It is one of three buildings at Cavalier IndustrialPark. The new lease transaction not only brings 3732 Cook to fulloccupancy--it also brings the entire park to fullstabilization.


First Potomac began to aggressively lobby tenants to renewleases ahead of upcoming expirations as well as seek out newtenants last year to keep on top of its occupancy levels. For thenext few quarters, First Potomac will have between 1.5% and 3.5% ofannualized base rent expiring each quarter, leaving the REIT with amanageable exposure to lease roles in the near and medium term,according to comments made by CEO Doug Donatelli in an earningscall last year.

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