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CHESAPEAKE, VA-Its leasing streak continuing unabated, First Potomac has inked two leases in a newly delivered warehouse here that brings the building to a 50% occupancy level. Cryomax USA and J.C. Ehrlich Co. will each be occupying 24,000 sf in Chesapeake’s Cavalier Industrial Park, located at 1400 Cavalier Blvd.

The building is a newly constructed logistics facility called Bay Warehouses. The industrial property totals approximately 400,000 sf, after the company completed a 100,000-sf expansion in October 2007. “Totaling approximately 48,000 sf, these leases bring our occupancy level for our new Bay Warehouse building to 50%,” says Tony Beck, First Potomac’s regional vice president for Southern Virginia, in a prepared statement.

Ashton Williamson, Worth Remick and Lang Williams with CB Richard Ellis and Pat Mumey and Scott Wermers with Thalhimer Commercial worked on the transaction. A three-building complex, Cavalier Blvd. was originally built in 1969-1973. It is situated on 21 acres. First Potomac is one of the largest property owners in Chesapeake, VA.

Other recent deals inked by First Potomac include a 190,000-sf lease with a subsidiary of Iron Mountain, 750,000 sf with FedEx at 1920 Campostella Rd. in Chesapeake, VA., a 33,000-sf lease with Citicorp North America at 5301 Robin Hood Rd. in Norfolk Commerce Center II, and 76,000 sf—a full building—with Siemens at Ammendale Commerce Center property.

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