​Transwestern today announced it has been retained by First Potomac Realty Trust as the exclusive leasing agent for Prosperity Metro Plaza (formerly MetroPlace III and IV), two seven-story Class A office buildings totaling 325,328 square feet, located at 2675 and 2677 Prosperity Avenue, in Merrifield, Va.

“We are excited for the opportunity to work alongside First Potomac Realty Trust in re-introducing this project to the brokerage and private tenant community,” said Matt Bundy, senior vice president of Transwestern. “Prosperity Metro Plaza has remained very well occupied since its initial lease-up due to the immediate proximity to the Dunn Loring Metro and Interstate 66 visibility. In addition, the delivery of an already commenced mixed-use development on the metro site to include 628 multifamily units along with 65,000 square feet of retail (including Harris Teeter and multiple other eateries) only further enhances this well-located Class A project.”

“We are pleased to partner with Transwestern at Prosperity Metro Plaza,” said Edward V, Zaptin, vice president of Northern Virginia Leasing for First Potomac Realty Trust. “Their solid reputation in the marketplace along with the strength of their private and government leasing teams is a great fit for the project.”

Constructed in 2001, both 2675 and 2677 Prosperity provide tenants with a free-standing covered parking deck with a ratio of 3.1/1000, an on-site fitness facility, conference facility, café and landscaped courtyard.

The buildings are conveniently located within walking distance to hotels, retail and residential communities, offer direct visibility for signage from I-66 and superior accessibility from Interstate 495, Route 50 and Gallows Road. These are attributes that will attract a wide range of tenants, including GSA.

“Being able to present assets to the government that have the perfect mix of physical building characteristics, Metro proximity and strength of ownership is becoming increasingly rare as GSA continues to refine and solidify their leased portfolio,” said Peter Marcin, executive vice president of Transwestern’s Government Services Group. “Prosperity Metro Plaza is positioned as well as a building can be for GSA’s current financially and environmentally conscious housing program. We are very excited to present the Prosperity Metro Plaza solution to the government.”

Transwestern’s Matt Bundy and Josh Masi, senior vice presidents, as well as Peter Marcin and Matt Lynch, Government Services Group, will be the leasing agents.

Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern’s Washington, D.C. office on Twitter: @TranswesternDC.

First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and industrial properties in the greater Washington, D.C. region. As of December 31, 2012, the Company's consolidated portfolio totaled approximately 14 million square feet. Based on annualized cash basis rent, the Company’s portfolio consists of 43% office properties, 34% business parks and 23% industrial properties. A key element of First Potomac's overarching strategy is its dedication to sustainability. Nearly 1 million square feet of First Potomac property is LEED Certified, with the potential for another 1 million square feet in future development projects. Roughly half the portfolio's multi-story office square footage is LEED or Energy Star Certified and 82% of First Potomac’s Washington, DC portfolio is Energy Star Certified. FPO common shares (NYSE:FPO) and preferred shares (NYSE:FPO-PA) are publicly traded on the New York Stock Exchange. For more information, please visit www.first-potomac.com.


Media Contact:
Michelle Johnstone