CHESTER, VA-First Potomac has sewed up 20% of its southernVirginia lease expiration exposure with the signing of two renewalsin its River’s Bend Center facility here. The two leases total273,400 square feet.

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Redemtech renewed its 115,000-square-foot lease in thetwo-building flex facility through 2016. A Fortune 500financial services company renewed its 158,400-square-foot leasethrough 2018. River's Bend Center is a six-building business parktotaling 795,037 square feet.

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First Potomac has lately been focusing on its portfolio closerto the DC area--or at least that is where many of the deals it hasclosed lately have occurred. For instance, it recentlysigned a four-year renewal for approximately 130,000square feet with Home Depot at the Glenn Dale Business Center inGlenn Dale, VA and a 10-year, 21,350-square-foot lease with theTile Shop, also in the Glenn Dale Business Center.

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First Potomac also signed adeal with Vocus for 93,000 square feet at AmmendaleBusiness Park in Maryland, as well as a five-year,32,000-square-foot lease with FF&E Logistics in the same park.And this summer it acquired itsfirst core DC office at 500 First St. for $68million.

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A little further out from DC’s core, it also acquired an officebuilding in Oakton, VA for $13.8 million and the Corporate Campusat Ashburn Center.

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