Corporate Office Properties Trust Announces Two Leases Totaling 71,243 Square Feet At One Gateway Exchange.Business Editors COLUMBIA, Md.--(BUSINESS WIRE)--April 22, 2002 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 ) today announced that it has executed two leases totaling 71,243 square feet of space at One Gateway Exchange, a newly developed, 122,889 square foot Class A office building. The property is located at 6731 Columbia Gateway Drive adjacent to Interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. 95 in Columbia, MD, approximately ten minutes from the Baltimore/Washington International Airport. A prominent Mid-Atlantic health care and related services provider signed a lease for 49,938 square feet of space in the building. In addition, a national financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company has signed a lease with Corporate Office Properties for 21,305 square feet, and will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. a loan processing center to the building. "With these two lease signings, we have secured two highly-respected companies as the lead tenants for One Gateway Exchange," stated 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. for Corporate Office Properties. "This Class A property was specifically designed to respond to the needs of large corporate tenants including expansive 25,000 square foot floor plates, state of the art fiber optic connections and abundant on-site parking, all located in a prestigious Class A office park with numerous amenities." Mr. Griffin also added, "These tenants reflect the quality of the building and demonstrate that the Howard County Howard County is the name of seven counties in the United States of America:
One Gateway Exchange is part of Corporate Office Properties' fourteen-building portfolio at Columbia Gateway, comprising nearly 900,000 square feet of space. The Company also owns a contiguous 9.6 acre site that can support two additional 125,000 square foot office buildings. Company Information Corporate Office Properties Trust is a fully-integrated, self-managed real estate investment trust which focuses on the ownership, management, leasing, acquisition and development of suburban office properties located in select Mid-Atlantic submarkets. The Company currently owns 102 office properties totaling 7.9 million rentable square feet including two properties held through joint ventures. 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. The Company's shares are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol OFC. More information on Corporate Office Properties Trust can be found on the Internet at www.copt.com. Forward-Looking Information This press release contains forward-looking information based upon the Company's current best judgment 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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