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Two-Structure Flex/Office Park Sells for $31M

STERLING, VA-First Potomac Realty Trust snaps up Sterling Park Business Center, a two-building flex/office property in the Dulles Corridor, for $30.9 million. In addition to the buildings totaling 127,800 sf, the deal includes 42.5 acres of developable land.

By Barbra Murray | Updated on February 28, 2006

(To read more on the industrial market, click here.)

STERLING, VA-A deal totaling approximately $30.9 million has left First Potomac Realty Trust in possession of Sterling Park Business Center, a two-building flex/office property accounting for 127,800 sf. Relying on a $50-million loan from Key Bank NA, First Potomac purchased the buildings–known as Sterling Park One and Sterling Park Two–from Lerner Enterprises. Also included in the deal was a 42.5-acre developable parcel of land.

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