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WASHINGTON, DC-The 1.6-acre Greyhound Bus Terminal site at 1005 First St., NE in NoMa has traded after three years on the market. It was acquired by local REIT First Potomac Realty Trust (NYSE: FPO) and its minority joint venture partner Perseus Realty, for $46.75 million. Ultimately, the site will be developed into an office project, First Potomac CIO Nick Smith tells GlobeSt.com. “NoMa is the next logical place for people who can’t afford the East End,” he says. The Greyhound site, which can accommodate up to approximately 712,000 square feet of development, is the last available area for building in NoMa, he also notes.

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