First Potomac Realty Trust (NYSE: FPO), based in downtown Bethesda announced that CareFirst BlueCross BlueShield will extend its lease of 204,000 square-feet for its D.C. headquarters.
The 12 story building is located at 840 First Street, NE in the NoMa (North of Massachusetts Avenue) district. The largest health care insurer in the Mid-Atlantic region will continue to be the anchor tenant.
“We are very pleased that CareFirst has made the decision to renew its lease early at our building, 840 First Street” said Douglas J. Donatelli, Chairman and CEO of First Potomac Realty Trust. “NoMa is a highly desired business location and a rapidly improving neighborhood in D.C. CareFirst’s long term commitment is a big plus for the neighborhood and further strengthens our growing D.C. portfolio.”
The 10-year lease gives CareFirst BlueCross BlueShield occupancy through 2023. First Potomac Realty Trust acquired the building in the beginning of the year.