X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DAHLGREN, VA-Corporate Office Properties Trust has added six buildings to its list of holdings through a recent $26.3 million transaction. The Columbia, MD-based REIT is the new owner of the group of office buildings, which total 204,600 sf.

As part of the deal, COPT also assumed $15.7 million in existing loan debt. The purchases leave the company with a total of $264.3 million in acquisitions for the year.

Located in the Dahlgren Technology Center, the properties are fully occupied–as is the entire center–mostly by US Department of Defense contractors, including Lockheed Martin Corp., Northrop Grumman, SAIC, and BAE Systems. The business park sits across from the Dahlgren Naval Surface Warfare Center and near the Patuxent Naval Air Station.

“With these acquisitions, the company continues to execute its strategy and demonstrate its ability to secure large ownership positions around major intelligence and defense demand drivers,” COPT president and COO Randall M. Griffin says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.