COPT announces two new build-to-suit projects in Manassas
Corporate Office Properties Trust, based in Columbia, Md., said Monday that it signed long-term leases with a subsidiary of an investment-grade Fortune 500 company to deliver two, 150,000-square-foot shell buildings on land the company recently purchased in Manassas at the Southpoint Business Center.
According to COPT, the company — whose name was not disclosed — will begin construction next month in anticipation of lease start dates in the third and fourth quarters of 2015.
COPT is an office REIT that focuses primarily on serving the requirements of U.S. government agencies and defense contractors, most of which are engaged in defense information technology and national security-related activities. The company acquires, develops, manages and leases office and data center properties concentrated in large office parks primarily in the greater Washington, D.C./Baltimore region. COPT’s portfolio consists of 174 office properties totaling 16.9 million rentable square feet.