First Potomac Realty Trust announced that it has signed a five and a half-year lease with ept, inc. (EPT), a Massachusetts electronics technology company, for approximately 46,000 square feet at 801 Liberty Way in the Company’s River’s Bend property in Chester, Va., south of Richmond.
River’s Bend is a class-A industrial and business park totaling approximately 795,000 square feet. The property is conveniently located just minutes from I-295 and I-95 and adjacent to River’s Bend Shopping Center.
“EPT is a quality tenant to bring into our Richmond portfolio,” said Tony Beck, First Potomac’s regional vice president for Southern Virginia. “With the addition of this tenant, our River’s Bend properties are 96% leased.”
Construction is underway, and EPT is expected to occupy its space in the fourth quarter of 2008.