New 6,113 SF Lease Brings 12435 Park Potomac Ave. to 100 Percent Leased
April 05, 2019
Potomac, MD – Transwestern announces Coldwell Banker Residential Brokerage in Mid-Atlantic, has signed a new 6,113-square-foot lease at 12435 Park Potomac Ave. in Potomac, Maryland, bringing the Class A office building to 100 percent occupancy. NRT LLC, the parent company of Coldwell Banker Residential Brokerage, is the subsidiary of Realogy Holdings Corp. (NYSE: RLGY) that owns all company-owned real estate brokerage offices. Transwestern’s leasing team includes Phillip McCarthy, Keith Foery, Guy Copperthite and Mark Boyce.
“We are honored to have one of the nation’s leading providers of real estate services select Park Potomac for its new regional location,” said Copperthite. “Coldwell Banker Residential Brokerage’s decision is a testament to the world-class status of this project, and we are excited to continue this leasing momentum through the next phase of development.”
12435 Park Potomac Ave. is a 131,206-square-foot Class A office building featuring modern stone and wood lobby finishes, 9-foot ceilings, ample natural light, and an on-site fitness center with lockers and showers. It is part of Foulger-Pratt’s Park Potomac mixed-use development, which currently comprises 585,000 square feet of existing office space and will surpass 2 million square feet of mixed-use development, when completed. The project includes 150 townhouses, 153 luxury high-rise condominiums, 297 luxury apartments, and more than 75,000 square feet of retail, with plans for additional office and retail, including an entertainment concept.
“With Coldwell Banker Residential Brokerage in Mid-Atlantic capping off the mix of high-caliber corporate tenants in Park Potomac, we are now finalizing design plans for our next office building, which will be in the 85,000 to 100,000 square foot range,” said Robert Kelly, Senior Vice President at Foulger-Pratt. “We are very encouraged by the level of interest and leasing activity we’ve experienced at Park Potomac.”
ABOUT TRANSWESTERN COMMERCIAL SERVICES
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has
34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.
Established in 1963, Foulger-Pratt is a real estate development firm distinguished by its long-term investment focus and extensive experience executing successful mixed-use, transit-oriented projects throughout the Washington DC metro area. The firm’s intimate knowledge of virtually every submarket in this robust and stable regional economy has enabled it to develop more than 15 million square feet of commercial office, retail space, and multifamily residential projects. From acquisition to development, construction to asset management, the company’s fully integrated teams create value at all stages of an investment’s lifecycle.