As part of the deal, COPT also assumed $15.7 million in existingloan debt. The purchases leave the company with a total of $264.3million in acquisitions for the year.
Located in the Dahlgren Technology Center, the properties arefully occupied--as is the entire center--mostly by US Department ofDefense contractors, including Lockheed Martin Corp., NorthropGrumman, SAIC, and BAE Systems. The business park sits across fromthe Dahlgren Naval Surface Warfare Center and near the PatuxentNaval Air Station.
"With these acquisitions, the company continues to execute itsstrategy and demonstrate its ability to secure large ownershippositions around major intelligence and defense demand drivers,"COPT president and COO Randall M. Griffin says.
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