First Potomac Realty Trust announced today that two long-term tenants in its Southern Virginia portfolio have renewed leases totaling approximately 97,400 square feet.
Corinthian Colleges, Inc., a tenant at Greenbrier Circle Corporate Center in Chesapeake, Virginia, since 1999, has renewed its 26,900 square foot lease and will also expand into an additional 12,300 square feet in August 2009. In addition, Verizon Virginia Inc. also renewed its two leases totaling 58,200 square feet at Norfolk Commerce Park II and Norfolk Business Center in Norfolk, Virginia. Verizon has been a tenant at these properties since 1995.
“Our focus is on providing consistently excellent services to our tenants so that they can succeed,” said Tony Beck, First Potomac’s Regional Vice President for Southern Virginia. “We are delighted that both Corinthian and Verizon have renewed their leases with us, and we look forward to continuing our partnership with these companies in the future.”
Greenbrier Circle Corporate Center consists of two buildings totaling 229,163 square feet of office space. The property is conveniently located in the Greenbrier / Crossways submarket, just minutes from Interstate 64.
Norfolk Commerce Park II and Norfolk Business Center include two business park buildings totaling 218,945 square feet in the Norfolk Commerce Park submarket.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, developing, redeveloping and operating industrial properties and business parks in the Washington, D.C. metropolitan area and other major markets in Virginia and Maryland. The Company's portfolio totals approximately 12 million square feet. The Company's largest tenant is the U.S. Government, which, along with government contractors, accounts for approximately 20% of the Company’s revenue. For more information, please visit us at www.first-potomac.com.
About Corinthian Colleges, Inc.
Founded in 1995, Corinthian Colleges, Inc. is one of the largest for-profit, post-secondary education companies in North America, with more than 69,000 students at over 100 campuses within the United States and Canada. Its campuses offer short-term diploma and/or degree programs in a variety of popular career fields. For more information, please visit www.cci.edu/.
Contacts:
For First Potomac Realty Trust
Rob Engle, 703-356-8230
