Regions Northern Virginia

COPT to build two more data centers in Ashburn

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Corporate Office Properties Trust (COPT has executed two long-term leases with a subsidiary of a Fortune 500 company to build two, 148,600-square data centers on land the company acquired in Ashburn in Paragon Park.

COPT, a publicly traded REIT that’s built several shell buildings for Amazon data centers in Northern Virginia, said it expects to deliver one building in the fourth quarter of this year and the second building in the first quarter of 2018

Including this transaction, COPT, based in Columbia, Md., said it has completed 355,000 square feet of development leasing, or about half of its 2017 goal of 700,000 square feet.

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