Corporate Office Properties Breaks Ground On The National Business Park MarketPlace.Business Editors COLUMBIA Columbia, cities, United States Columbia (kəlŭm`bēə). 1 City (1990 pop. 75,883), Howard co., central Md., between Washington, D.C., and Baltimore. , Md.--(BUSINESS WIRE)--June 7, 2001 Retail Center Designed to Primarily Service More Than 5000 Employees in the National Business Park Corporate Office Properties Trust Corporate Office Properties Trust Inc. (COPT) (NYSE: OFC) is a publicly-traded real estate investment trust (REIT) corporation that specializes in office development, and describes itself as "a fully integrated, self-managed real estate investment trust that focuses on the (NYSE NYSE See: New York Stock Exchange :OFC OFC Office OFC Officer OFC Of Course OFC Oxygen Free Copper OFC Oceania Football Confederation (soccer) OFC Optical Fiber Cable OFC Optical Fiber Communications OFC Optical Fiber Conference ) has commenced construction on The National Business Park MarketPlace, a new 10,480 square foot retail center designed to primarily service the needs of the more than 5000 employees presently working in the business community. The center, which includes a brick exterior, surface parking lot and 25 foot tall clock tower, is expected to be operational in the fourth quarter of this year. Slated to fill The National Business Park MarketPlace are Charm City Concierge, a fitness center and a full-service deli. Charm City Concierge offers a range of business and personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. including event planning Event planning is the process of planning a festival, ceremony, competition, party, or convention. Event planning includes budgeting, establishing date and alternate date (rain date), selecting and reserving the event site, acquiring permits, and coordinating transportation , catering, the purchase and delivery of flowers, gifts and tickets to entertainment and sporting events, and the booking of hotel rooms. The space will also contain a state-of-the-art conference room and video-conferencing center. The fitness center will be a comprehensive health and fitness club featuring an array of state-of-the-art exercise equipment, separate rooms for fitness classes, as well as personal trainer personal trainer person n → (persönlicher) Fitnesstrainer m, (persönliche) Fitnesstrainerin f assistance. The deli/restaurant amenity a·men·i·ty n. pl. a·men·i·ties 1. The quality of being pleasant or attractive; agreeableness. 2. Something that contributes to physical or material comfort. 3. will offer a complete breakfast and lunch menu and include tables and sit-down seating that can accommodate fifty persons. Catering services will also be available from the deli at The National Business Park. The distinctive feature of the retail center is a four-sided, pyramid-shaped clock tower, with a working clock face appearing on each surface. The tower offers visibility to motorists and pedestrians traveling on National Business Parkway. Corporate Office Properties currently owns and manages eight buildings in The National Business Park, comprising more than 900,000 square feet of space, which is currently 100% leased. The Company has also commenced construction of two additional Class A office buildings, which will add 268,000 square feet of space to the 275-acre office park in Annapolis Junction, Maryland Maryland (mâr`ələnd), one of the Middle Atlantic states of the United States. It is bounded by Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N). . "There now exists a critical mass of employees at The National Business Park that can more than support an on-site retail center," said Randall M. Griffin, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Corporate Office Properties. "When determining which uses to place in the MarketPlace, we consulted with current tenants of The National Business Park. The overwhelming choices were a high-quality, quick-service food facility and a state-of-the-art health and fitness center. We are complementing these uses with our existing Charm City concierge service, which regularly performs valuable services for tenants in the Park," he added. Company Information Corporate Office Properties Trust is a fully-integrated, self-managed real estate investment trust, which focuses on the ownership, development, management and acquisition of suburban office properties located in targeted suburban submarkets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company presently owns 91 office properties totaling 7.0 million square feet of space, including five properties held through a joint venture. Corporate Development Services, the Company's development company, provides a wide range of development and construction management services. In addition, Corporate Office Services provides land planning, design/build services, consulting and merchant development to third-party entities. For more information, visit Corporate Office Properties' website at http://www.copt.com. Forward-Looking Information This press release contains forward-looking information based upon the Company's current best judgement and expectations. Actual results could vary from those presented herein. The risks and uncertainties associated with the forward-looking information include the strength of the commercial office real estate market in which the Company operates, competitive market conditions, general economic growth, interest rates and capital market conditions. For further information, please refer to the Company's filings with the Securities and Exchange Commission. |
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