Search
 

First Potomac Continues to Lease Sterling Park Business Center

BETHESDA, MD—DIRAK signs a 10-year lease for 25,338 sf in the Center bringing occupancy up to 81%.

By Erika Morphy | Updated on July 11, 2006

BETHESDA, MD—First Potomac Realty Trust continues to lease up Sterling Park Business Center, a 127,814-sf, two-building office/flex property in the Dulles Corridor that it acquired in February. DIRAK Inc. signed a 10-year lease for 25,338 sf in the building, bringing occupancy in the building up to 81%, from 61% in February.

“When we acquired Sterling Park Business Center in February, we recognized the property’s potential to address an underserved niche in the rapidly growing Sterling market,” James H. “Skip” Dawson, First Potomac’s chief operating officer, says. “By vigorously working the market immediately after the acquisition, we were able to secure an attractive, long-term tenant and quickly lease up over half the vacancy.”

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?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.