Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COLUMBIA, MD-Corporate Office Properties Trust has acquired the 61,200-sf building at 7015 Albert Einstein Dr for $9.2 million. Columbia-Gateway S-28 LLC was the seller.

COPT paid $5.3 million from its cash reserves and assumed an existing $3.9-million loan on the property. The class A facility last changed ownership five years ago. Located just off I-95, the single-story site sits within the 630-acre Columbia Gateway Business Park. It is fully leased to telecommunications company Broadwing Corp.

For locally-based COPT, the acquisition marks an increase in its already large presence within the office compound. “The company has again added to its strong position in the Columbia Gateway Business Park, owning about half of the office square footage in the largest business park in Howard County, MD,” says COPT president and CEO Randall M. Griffin.

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?


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.