Washington, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced that it has been selected by First Potomac Realty Trust as the leasing agent for Three Flint Hill, 3201 Jermantown Road − a 173,764 square foot office building in Oakton, Virginia. Cassidy Turley’s Spencer Stouffer, Tim Summers, Scott Goldberg, Darian LeBlanc and Laurie Mc Mahon will handle the marketing and leasing efforts for the property.
“This is an exciting time for Three Flint Hill as the building undergoes major renovations to make it one of the most desirable office buildings in the area and Oakton’s newest Class A building,” commented Spencer Stouffer, Senior Managing Director of Cassidy Turley. “We look forward to continuing our relationship with First Potomac Realty Trust and partnering with them on this redevelopment.”
Three Flint Hill is located just off the I-66 / Route 123 interchange in a well-known, first class office park with amazing rooftop terrace views and beautifully landscaped walking trails throughout. Within a five mile radius of the office park, tenants have access to Fair Oaks Mall, Fair Lakes Shopping Center and Oakton Shopping Center that offer an abundance of dinning and retail options. Metrorail and Fairfax Connector stops are located just outside the perimeter of the property providing tenants with immediate access to public transportation. Adjacent to Three Flint Hill is Oak Marr Recreation Center which includes an Olympic-sized indoor swimming pool, mini-golf course, and fitness center. Renovations are scheduled to begin during the fourth quarter of 2010 and will be striving for LEED Gold certification. The environmentally conscience redevelopment includes a new façade and HVAC system as well as an improved entrance, renovated elevator lobbies, and upgraded restrooms. Additional proposed amenities include an onsite café, fitness center, concierge, dry cleaner service and conference center facility. In addition, First Potomac Realty Trust will reconstruct the existing window line at the perimeter to increase the usable square footage from 173,764 square feet to approximately 180,614 square feet.
“Our project is unique because we are repositioning an existing building with sustainable design, which has not been attempted yet in the Oakton submarket. Its central location within Fairfax County will provide a very competitive opportunity for future tenants who do business inside the Beltway, including Tysons Corner and Merrifield as well as along the Dulles Toll Road and I-66,” commented Mary Wacker, Regional Vice President of First Potomac Realty Trust. “We are very excited about this project and feel confident about our partnership with Cassidy Turley’s distinguished team.”
About First Potomac Realty Trust
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 region. The Company's portfolio totals approximately 12 million square feet. The Company's largest tenant is the U.S. Government, which along with government contractors, accounts for over 20% of the Company's revenue. For more information, please visit us at www.first-potomac.com.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider in the U.S., with 420 million square feet of managed space, 60 offices, 21 national markets, and more than $13 billion in completed transactions for 2009. Outside of North America, Cassidy Turley partners with GVA Grimley, the founder and majority shareholder of GVA Worldwide. Cassidy Turley serves owners, investors and occupiers by offering integrated, tailored solutions across a full spectrum of commercial real estate services including capital markets, corporate services (which supports more than 25,000 locations), project leasing, property management, project and development services, and tenant representation. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey. Please visit www.cassidyturley.com for more information about the company.
Maureen Wheeler 202.463.1138