First Potomac plans to use the net proceeds to pay down its lineof credit. If the numbers work out as CEO Doug Donatelli expects,First Potomac will have approximately $100 million at the ready foracquisitions.

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"We don't have anything under contract right now, but we thinkit is in an interesting time to be looking at transactions," hetells GlobeSt.com. The last acquisition the company made was inDecember 2009, when it acquired CorporateCampus at Ashburn Center.

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At the time, the three-building park was only 45%-occupied;within the last few weeks First Potomac has inked two leases thatbrought the 194,000-square-foot business park to fulloccupancy.

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Typically First Potomac levers its equity by 50%, Donatellisays, although there are exceptions: because Ashburn Center wasmore than half vacant, it didn't place any leverage on thatacquisition. First Potomac hopes to spend its newly raised equityover the foreseeable future--within six to nine months, give ortake, depending on the opportunities available, he says.

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That is a significantly stepped-up pace from the preceding yearor two. Indeed, it is reminiscent of First Potomac's early days,Donatelli says. "When we were growing rapidly we were acquiringabout$75 million a quarter--it would be great to get into that modeagain."

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