Industries Commercial Real Estate

Development and leasing teams announced for Storey Park

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First Potomac Realty Trust and its development partner, Perseus Realty LLC, have announced the development and leasing teams for Storey Park, a mixed-use project on the site of the former Greyhound Bus Terminal at 1005 First St. NE in Washington, D.C.

Richmond-based HKS Architects is designing Storey Park. The broker teams working on the project are Doug Mueller and Evan Behr of Jones Lang LaSalle who will focus on the office space; Lisa Stoddard and Kristen Braun of CBRE will market the retail space; and Joe Delogu, David Alperstein and Eugene Smith of FD Stonewater, will market to the federal office tenants.

“While we are still in the initial planning stages for Storey Park, the site can accommodate up to 712,000 square feet of mixed-use office, retail and residential development in a transportation friendly, well-located submarket,” Douglas Donatelli, chairman and CEO of First Potomac Realty Trust, said in a statement.

The site, situated in the heart of NoMa (North of Massachusetts Ave.), will provide access to surrounding major road systems, Union Station, Capitol Hill, the East End and downtown. A 65,000 square-foot retail component will offer a streetscape with restaurants and outdoor dining and shops.

First Potomac, based in Bethesda, Md., and Perseus Realty in D.C., acquired the site in August 2011 for about $46.8 million through a joint venture, in which First Potomac has a majority interest, with an affiliate of Perseus Realty having a development role.



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