ANNAPOLIS JUNCTION, MD-Northrop Grumman Corp. has decided to stake its claim to an entire building in the National Business Park, a 175-acre mixed-use business community that will ultimately contain nearly three million sf of space. The government contractor signed a lease to occupy the 104,000-sf structure that is under construction at 2691 Technology Dr.

Financial terms of the long-term lease agreement with property owner and developer Corporate Office Properties Trust have not been disclosed. However, when the US General Services Administration leased a 120,000-sf building at the park in December a spokesperson for the company told that the market rate for class A office space in the western Anne Arundel County is in the mid-$20 range.

“We continue to experience strong demand for the National Business Park,” says Randall M. Griffin, COPT president and COO. Northrop Grumman’s new home at the park–which is located at the intersection of the Baltimore-Washington Parkway and Route 32–is scheduled to reach completion this month. The building is part of the park’s 1.5-million-sf Phase I; Phase II will add an additional 1.3 million sf. National Business Park’s completed buildings all 100% occupied.

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