NorthMarq Sells Three Flint Hill Office Building in Oakton, Va.

MINNEAPOLIS (April 29, 2010) — NorthMarq Investment Services in Washington, D.C., represented OPL, LLC, in the sale of Three Flint Hill, a 160,650-sq.-ft. office building in Oakton, Va. The property, located at 3201 Jermantown Road, was purchased by First Potomac Realty Trust for $13.6 million.

The NorthMarq team included Jim Kornick, senior vice president, Chip Ryan, executive director, and Matt Clinebell, vice president.

"The sale of this building demonstrates the relative strength of the office market during a period of limited investment sales and limited debt availability,” Kornick said.

Built in 1984, Three Flint Hill is currently vacant. Lockhead Martin occupied the building for more than two decades before its lease experience in November 2009 and it consolidated operations into other locations.

First Potomac Realty Trust plans to renovate the building, which includes eight stories and penthouse, pursue LEED certification and then market the property for lease.

About NorthMarq
NorthMarq, headquartered in Minneapolis, offers commercial real estate services for investors, developers, corporations and tenants. The company provides mortgage banking and commercial loan servicing in 32 offices coast-to-coast, with an average of $7 billion in annual production volume and services a loan portfolio of nearly $40 billion. It manages more than 60 million sq. ft. of retail, industrial and office assets in 22 markets around the country and handles more than 7,500 leasing, sales and mortgage banking transactions annually. For more information, please visit www.northmarq.com.

Contact:
Martha Nevanen
952.893.7539
martha.nevanen@marquettere.com

David Dozier
The Dozier Company
214.744.2800