OAKTON, VA-First Potomac Realty Trust has acquired an office buildinghere for $13.6 million, or $78 per square foot. Called Three Flint Hill, the 174,000-square-foot, eight-story building is located at 3201 Jermantown Rd. It was owned by a private partnership. NorthMarq Investment Services’ Jim Kornick, Chip Ryan andMatt Clinebell represented the seller.

Considering that the building is empty, its sale demonstrates the relative strength of the office market, says Kornick. It also demonstrates the ideal position companies with a cash store–such as First Potomac–are in as they seek out the best opportunities inacquiring buildings below replacement costs, as the company did with Three Flint Hill.

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