First Potomac Realty Trust Announces Two Significant New Leases in Southern Virginia

First Potomac Realty Trust

today announced two new lease transactions totaling more than 115,000 square feet at industrial buildings the firm owns in Chesapeake, VA. Carrier Enterprises LLC signed a 63,012-square-foot lease at Crossways Commerce Center for a seven-year term. The property is now 88 percent leased. In addition, Serco Inc. signed a five-year lease for 54,054 square feet at Diamond Hill Distribution Center in Chesapeake, Virginia. With this transaction, Diamond Hill is now 90 percent leased. “These two sizeable transactions greatly strengthen our industrial portfolio in the Chesapeake area and solidify First Potomac's reputation as a high-quality service provider that meets the requirements of industrial users,” stated Tony Beck, Regional Vice President of First Potomac Realty Trust. “We are pleased to welcome quality tenants like Carrier and Serco to our portfolio.”