Latisys is moving to Corporate Center due to its acquisition of locally-based Pryme Technologies. Pryme had a full-building 71,192 square foot lease in building C in the three-building park. Latisys opted to lease an additional 51,905 square feet in Building B. Both leases will expire in May 2021. If a deal is successfully inked with the third tenant, with whom First Potomac is in negotiations, would mean First Potomac took the business park from 45% occupancy to 100% occupancy in a matter of months.

Located five miles north of Dulles International Airport, Corporate Campus at Ashburn Center is also close to a future metro station and George Mason University's future Loudon campus. First Potomac acquired it in December 2009

from MRP Realty, which negotiated a discounted payoff of its construction loan as part of the transaction.The purchase price of $72 per square foot, or $14 million, was a 45% discount to estimated replacement cost. MRP Realty will be paid additional consideration if certain returns are achieved over the next five years.

First Potomac, whose chairman and CEO is Doug Dontatelli, financed the acquisition through a draw on its recently expanded line of credit and available cash. It expects to spend an additional $6 million to bring the property to stabilization, at which point it is expected to generate a 13% yield on invested capital.