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COPT Waits for 352,000-SF Government Leases | Holiday Inn Georgetown Traded for $31.8M

TYSONS, VA—Also, Lerner Enterprises' efforts to position Tysons II as a dining destination are paying off as Fogo de Chão plans to open its second Washington DC restaurant in the building.

Fogo de Chão is opening at 1775 Tysons Blvd. Fogo de Chão is opening at 1775 Tysons Blvd.

COPT Waiting for US Government to Lease 352,000 SF It Just Delivered

COLUMBIA, MD—As part of its second quarterly earnings report, Corporate Office Properties Trust said it has delivered two properties totaling 352,000 square feet that are being held for the United States Government but are not currently leased. The REIT announced earlier this month that it had contributed six data center shell assets to a joint venture. Before the end of the third quarter, it expects to complete another $235 million of asset sales, bringing total disposition proceeds to $314 million for the year.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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