- First Potomac (NYSE:FPO) has sold two three-story office buildings in Tyson's Corner, VA for $27.3M. The buildings have 102,632 sq. feet between them, and were 100% leased/occupied as of Sep. 30.
- Proceeds from the sale, along with those from the recent $32.5M sale of a Lorton, VA property, will be used to fund the company's 2.2M-share preferred stock redemption (announced on Dec. 18 and set to occur on Jan. 19).