First Potomac Realty Trust Acquires Greyhound Site in D.C. for $46.75M

First Potomac Realty Trust FPO today announced that it has acquired the Greyhound Bus Terminal site at 1005 First Street, NE in Washington, D.C. for approximately $46.75 million. The company and joint venture partner Perseus Realty, LLC, intend to develop Class A, LEED certified office buildings on the 1.6 acre site in the burgeoning NoMa submarket after Greyhound relocates its operations. The site can accommodate the development of up to approximately 712,000 square feet.