Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BETHESDA, MD-First Potomac Realty Trust has added a third regional executive to its leasing team, following two hires the firm made last October. Matthew Wilson is the company’s new regional vice president/general manager for the Maryland region. A 17-year industry veteran, Wilson was most recently a senior leasing executive with CB Richard Ellis and Trammell Crow Co. in Baltimore.

In October, First Potomac brought on regional vice presidents Mary Wacker for the Northern Virginia region and Tony Beck for the Southern Virginia region. The three person team will focus on leasing strategies.

According to BMO Capital Markets Corp. analyst Paul Adornato, leasing strategies have become more integral to the company’s bottom line. “When it went public its strategy was mainly acquiring existing, fully leased properties,” he tells GlobeSt.com. “Now that cap rates have moved down First Potomac has shifted its strategy in order to add value through lease-up, development and redevelopment strategies.”

During Q4 2006, First Potomac completed one million sf of leasing activity; including approximately 650,000 sf of lease renewals and 380,000 sf of new leases, as reported by GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.