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Business Profile
Founded in 1997, First Potomac Realty Trust is a real estate investment trust that focuses on industrial properties and business parks in the mid-Atlantic region. Our properties are appropriate for a range of uses, from suburban executive office space to distribution space.
Since going public in 2003, First Potomac's portfolio has grown significantly, the result of the company's strong reputation in the marketplace:
- Property owners and brokers know First Potomac as a fair, smart company that is easy to deal with and has the resources to close as promised in a very short timeframe if necessary.
- Investors have benefited from our profitable acquisition strategies, our ability to add value to properties, and our solid earnings growth.
- Tenants consider us partners in meeting their changing needs. Tenant satisfaction is proven by our high retention rate, well above industry norms.
Future Growth
The Mid-Atlantic market offers tremendous potential with over 500 million square feet of industrial and business park properties. Because First Potomac is headquartered in and focused on this market, we are able to quickly identify and pursue acquisition opportunities. There have traditionally been no dominant owners of this property type in this region, allowing First Potomac to become one of the largest owners in the market. Our local presence also allows us to more effectively manage our assets and find creative solutions for our tenants.
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