COPT Defense's Year-to-Date Vacancy Leasing Reaches 408,000 Square Feet

MT Newswires Live
Yesterday

COPT Defense Properties (CDP) has executed 177,000 square feet of vacancy leasing in Q3 to date and 408,000 square feet year to date, reaching 102% of its initial 400,000-square-foot target and 86% of its revised 475,000-square-foot target, the company said late Wednesday.

The company also executed a 75,000-square-foot investment lease at 8500 Advanced Gateway in Huntsville, Alabama, bringing the building to 89% leased, COPT Defense said. Investment leasing totaled 490,000 square feet year to date.

COPT Defense said it began development of two Redstone Gateway projects totaling 234,000 square feet and $88 million in capital commitments during Q3.

Year-to-date commitments to new investments totaled $332 million, in line with its revised guidance target, the company said.

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