SPRINGFIELD, VA-Corporate Office Properties Trust is embarking on a development project that could eventually yield 800,000 square feet to 980,000 square feet of office space–all geared to meeting demand created by the 2005 Base Realignment and Closure act. The REIT has announced it has under its control 15 acres in this submarket.

Construction of the first building–slated to be 240,000 square feet–for the project, called Patriot Ridge, will be in Q4 of this year. Patriot Ridge is located next to the National Geospatial Intelligence Agency headquarters, which is currently under construction. A Department of Defense combat support agency, NGA will occupy a 2.4-million-square-foot facility that will be located at Fort Belvoir. Fort Belvoir, of course, is the biggest beneficiary of BRAC in the country. Projects underway at the fort number at least 20 and comprise nearly 6.2 million square feet.

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