First Potomac Files Contract Agreement for $241.5M Industrial Portfolio Disposition

md_e505_2009.08.07OM_-001On May 17, 2013, First Potomac entered into a purchase and sale agreement with BRE/Industrial Acquisition Holdings 1, L.L.C., an affiliate of Blackstone Real Estate Partners VII, to sell a portfolio of 23 industrial properties totaling 4 million square feet for $241.5 million.

The transaction is expected to close by the end of the second quarter of 2013. A copy of the purchase and sale agreement can be found by clicking here.