Leasing News

First Potomac Acquires Three Flint Hill From Chalmers Property Company

FAIRFAX, Va., July 4, 2010 - Chalmers Property Company has sold Three Flint Hill, located at 3201 Jermantown Road in Fairfax, VA, to First Potomac Realty Trust, a Bethesda, MD-based investment and management firm.

In order to qualify for a Leadership in Energy and Environmental Design certification from the U.S. Green Building Council, First Potomac Relay Trust plans to invest an additional $5 million into a project to renovate the vacant 173,762-square-foot office building.

Grant Chalmers was the in-house representative for Chalmers Property Company and Jim Kornick was the lead broker for NorthMarq Investment Services who represented the Chalmers Property Company. Patrick Kelly worked in-house for First Potomac.

Chalmers Property Company is a local development firm based in Fairfax, Virginia. The company's current portfolio is focused along the I-66 corridor in Arlington, Fairfax and Prince William counties and is comprised of office, medical, flex and industrial products.