Foulger-Pratt’s Park Potomac Now Fully Occupied
Transwestern today announces Coldwell Banker Residential Brokerage in Mid-Atlantic, has signed a new 6,113-square-foot lease at 12435 Park Potomac Ave. in Potomac, Maryland, bringing the Class A office building to 100 percent occupancy. NRT LLC, the parent company of Coldwell Banker Residential Brokerage, is the subsidiary of Realogy Holdings Corp. (NYSE: RLGY) that owns all company-owned real estate brokerage offices. Transwestern’s leasing team includes Phillip McCarthy, Keith Foery, Guy Copperthite and Mark Boyce.
“We are honored to have one of the nation’s leading providers of real estate services select Park Potomac for its new regional location,” said Copperthite. “Coldwell Banker Residential Brokerage’s decision is a testament to the world-class status of this project, and we are excited to continue this leasing momentum through the next phase of development.”
12435 Park Potomac Ave. is a 131,206-square-foot Class A office building featuring modern stone and wood lobby finishes, 9-foot ceilings, ample natural light, and an on-site fitness center with lockers and showers. It is part of Foulger-Pratt’s Park Potomac mixed-use development, which currently comprises 585,000 square feet of existing office space and will surpass 2 million square feet of mixed-use development, when completed. The project includes 150 townhouses, 153 luxury high-rise condominiums, 297 luxury apartments, and more than 75,000 square feet of retail, with plans for additional office and retail, including an entertainment concept.
“With Coldwell Banker Residential Brokerage in Mid-Atlantic capping off the mix of high-caliber corporate tenants in Park Potomac, we are now finalizing design plans for our next office building, which will be in the 85,000 to 100,000 square foot range,” said Robert Kelly, Senior Vice President at Foulger-Pratt. “We are very encouraged by the level of interest and leasing activity we’ve experienced at Park Potomac.”
Read the full article here: https://dc.citybizlist.com/article/541404/foulger-pratts-park-potomac-now-fully-occupied