December 14, 2017
Potomac, MD – Transwestern today announces it has been retained by Foulger Pratt to lease 12435 Park Potomac Ave., a 131,000-square-foot, Class A office building in Potomac, Maryland. Transwestern’s Phil McCarthy, Keith Foery, Guy Copperthite and Mark Boyce are the lead listing agents.
“As part of the Park Potomac mixed-use development, 12435 Park Potomac Ave. offers tenants much more than just an office,” said McCarthy. “This building is within walking distance of 145,000 square feet of retail, including Harris Teeter, Orangetheory Fitness, Founding Farmers, Addie’s, and Gringos and Mariachis.”
The property is 50 percent leased, with just over 58,000 square feet available. Completed in 2016, the building features a modern lobby with stone and wood finishes, nine-foot ceilings, a high glassline ratio to allow ample natural light, and landscaped outdoor common areas with Wi-Fi.
Located at the intersection of Interstate 270 and Montrose Road, Park Potomac offers exceptional accessibility, including a Smart Transit Stop with GPS tracking for the Ride-On Shuttle to and from the White Flint Metro Station. Park Potomac, which currently stands at 585,000 square feet, will total more than 2 million square feet when completed. The project includes 150 townhomes, 153 luxury high-rise condominiums, and more than 75,000 square feet of retail, with plans for additional office and retail, including an entertainment concept.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.
ABOUT FOULGER PRATT
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.