COPT Executes 75% Pre-Lease with Defense Contractor at 6000 Redstone Gateway
Corporate Office Properties Trust (OFC)
Last corporate office properties trust earnings: 4/30 05:22 pm
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US:NYSE Investor Relations:
investors.copt.com
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Source: Business Wire
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) completed a pre-lease with a defense contractor for 75% of the rentable square feet at 6000 Redstone Gateway, a 40,400 square foot, single-story office building to be built at Redstone Gateway, COPT’s mixed-use, Class-A development that supports Redstone Arsenal in Huntsville, AL. Construction will start in January to achieve a lease commencement date in the fourth quarter of 2020.This transaction is the 11th build-to-suit or significant pre-lease COPT has executed this year (for a total 1.86 million square feet of such activity) and increases the Company’s development leasing in 2019 to a record 2.156 million square feet.About COPT COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and info
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