First Potomac sells industrial assets to two buyers for $259M

05/21/2013 | Bloomberg ·

First Potomac Realty Trust has sold the bulk of its industrial holdings to two buyers for $259 million in total. An affiliate of Blackstone Real Estate Partners VII acquired the vast majority of the portfolio –- 4 million square feet -- for $241.5 million. Corporate Office Properties Trust acquired the remainder of the 4.3 million-square-foot portfolio.

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