MANASSAS, VA-Corporate Office Properties Trusthas executed a lease with a Fortune 100 Global consumer electronicsand technology company for 2 mega watts at its wholesale datacenter, COPT DC-6.
The center has 9 operational MWs out of a total potentialcapacity of 18 MWs. With this new lease, 6.3 MWs of the datacenter's 9 operating MWs are committed, which increases thepercentage leased from 48% at June 30, 2013 to 70%.
COPT DC-6 was the REIT's Power Loft @Innovation but the company has rebranded it. It is apurpose-built data center that bills itself as highly secure. "Thecaliber of the tenant and the size of this lease commitmentillustrate the effectiveness of our re-branding and marketingefforts surrounding COPT DC-6," Roger A. Waesche,Jr., president and CEO of COPT says in a preparedstatement. "We are pleased to see meaningful progress towardstabilizing this asset."
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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.
