Federal agency leases more than 82,000 square feet in Sterling

Published April 2, 2014 by Robert Powell, III

The  U.S. Department of the Interior Bureau of Safety and Environmental Enforcement has signed a 10-year lease for 82,116 square feet at Atlantic Corporate Park in Sterling.

The lease was announced by Bethesda, Md.-based First Potomac Realty Trust, a major owner of office and business park properties in the Washington, D.C., region.

First Potomac acquired the newly constructed property in December 2010 for $22.5 million. The lease brings the property's occupancy rate to about 82 percent.

The Washington Business Journal reported that the space in new Sterling will be 47,900 square feet smaller compared with its current home at 381 Elden St. in Herndon.

The corporate park includes two, four-story Class A LEED Gold Certified office buildings, totaling about 220,000 square feet.

The buildings offer a fitness center, conference rooms and green space.

As of Dec. 31, 2013, Potomac Realty’s consolidated portfolio totaled 9.1 million square feet.

The portfolio consists of 51 percent office properties and 49 percent business park and industrial properties.