MEPT SIGNED THE LARGEST LEASE IN WASHINGTON, DC IN 2009
The U.S. General Services Administration, on behalf of the U.S. Department of Agriculture, signed a long-term lease for 330,000 square feet at MEPT’s Patriots Plaza III, a 380,087 square foot Class-A office building. Patriots Plaza III, which was shell complete in October 2009, is a part of the three-phase, one million square foot office complex built by MEPT...

AT THE END OF 2009, MEPT SOLD NORTH BY NORTHWEST I, II, III, IV AND V IN INDIANAPOLIS FOR GROSS PROCEEDS OF $29.6 MILLION
The five North by Northwest industrial assets include seven buildings totaling over one million square feet that were built by MEPT in several phases from 1992 to 2008. The North by Northwest assets were targeted for sale because they had some near-term rollover exposure and because MEPT wants to reduce its exposure to smaller markets...

IN NOVEMBER, MEPT SOLD GALE INDUSTRIAL AND TUBEWAY IN LOS ANGELES FOR GROSS PROCEEDS OF $28.9 MILLION
Gale Industrial, comprised of two buildings totaling 386,978 square feet, and Tubeway, a 50,135 square foot building, were originally purchased in 2003 as part of a 17-asset industrial portfolio and were 100 percent leased to tenants serving their local areas...


Patriots Plaza III in SW yesterday got the largest DC lease of 2009 that wasn't a renewal
This (the lease) is part of the one million square foot Patriots Plaza…Patriots III, finished in September, is owned by MEPT, a $4.3 billion real estate equity fund owned by 331 pension plans...

Department of Agriculture signs big lease in Patriots Plaza III
The Department of Agriculture has signed a massive new lease at a new office building in Southwest D.C. At 330,000 square feet, the agency will nearly fill Patriots Plaza III, a 380,000-square-foot building developed by Multi-Employer Property Trust...

First Potomac Invests $25.5M in Cloverleaf Center
First Potomac Realty Trust purchased the Cloverleaf Center on Century Boulevard in Germantown, MD, from MEPT/New Tower Trust Co. for $25.5 million, or about $147 per square foot...