"The Board of Trustees conducted a thoughtful and comprehensive review of strategic alternatives and we are pleased to reach this agreement with GOV to maximize value for shareholders. Over the last 18 months we have worked diligently to refine the Company's portfolio, strengthen the balance sheet, and enhance First Potomac's corporate governance. This transaction and the attractive value that shareholders will receive demonstrates the successful execution of these efforts and is a testament to the dedication of First Potomac's employees," First Potomac Realty Trust CEO Robert Milkovich said in a statement.