Corporate Office Properties Trust acquires 152,000-square-foot Tysons Corner office building
- June 29, 2010
Corporate Office Properties Trust (COPT) has bought a 152,000-square-foot Class A office building known as the Rappahannock Building in Tyson’s Corner for $40 million.
The six-story office building is 100 percent leased to the MITRE Corp.
This marks COPT’s second purchase in Tysons Corner. The group also manages Pinnacle Towers, and the company’s Tysons Corner portfolio now consists of three buildings totaling about 600,000 square feet.
“This acquisition fits within our Super Core strategy of developing and acquiring properties leased primarily to the U.S. Government, Defense IT and data sector tenants,” Randall M. Griffin, president and CEO of Corporate Office Properties Trust, said in a statement. “MITRE is a growing tenant within our portfolio and we are happy to further develop our relationship with them.”