First Potomac Realty Trust Signs 46,000 Square Foot Lease with ept, inc. at Rivers Bend in Chester, Va.

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... 

The Locke Group and Sovran Self Storage Close Acquisition of Lock-N-Key Portfolio

The Locke Acquisition Group LLC announced today that it represented Sovran Self Storage, Inc. in its acquisition of Hendry Investments Inc.’s 21 self storage facilities operated under the trade name Lock-N-Key. Sovran Self Storage is a Real Estate Investment Trust listed on the NYSE under the symbol SSS. Sovran will operate the properties under its brand: Uncle Bob’s Self Storage. The portfolio, valued at $143 million, was acquired by Sovran through... 

Persimmon subsidiary Space 4 fined £65,000 for employee death

Persimmon subsidiary, Birmingham-based constrution module manufacturer Space 4, has been fined £65,000 and ordered to pay £60,000 costs at Birmingham Crown Court, following the death of one of its workers in 2001. The Health and Safety Executive (HSE) prosecuted the firm after Philip Macken, from Yardley, Birmingham died when he was injecting insulation foam into an internal wall panel for use in a new home. Following problems with the automated...