COPT Defense Acquires 202,000 Square Foot Building in Columbia, MD
COPT Defense Properties Common Shares of Beneficial Interest (CDP)
Company Research
Source: Business Wire
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced the acquisition of a 202,000 square foot Class A building, located in Columbia Gateway at 6841 Benjamin Franklin Drive in Columbia, Maryland, for $15 million. The 7-story LEED Gold Certified building was constructed in 2008 and is 56% leased to a leading defense contractor.Stephen E. Budorick, COPT Defense’s President & Chief Executive Officer, commented “This acquisition solidifies our position as the dominant owner in Columbia Gateway, enhances our relationship with a top 10 U.S. defense contractor, adds 202,000 square feet of modern, well-amenitized space to our 2.3 million square foot Columbia Gateway campus, and was purchased at a significant discount to replacement cost for comparable new product. Our Fort Meade/BW Corridor segment was 96.5% leased at quarter-end and this acquisition is an excellent opportunity to acquire high quality inventory, and leverage our De
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- COPT Defense Declares Second Quarter 2024 Common DividendBusiness Wire
- COPT Defense Properties (NYSE: CDP) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $28.00 price target on the stock, up previously from $27.00.MarketBeat
- COPT Defense Reports First Quarter 2024 ResultsBusiness Wire
- COPT Defense Provides Conference Call Details to Discuss 1Q 2024 ResultsBusiness Wire
- COPT Defense Properties (NYSE: CDP) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $25.00 price target on the stock, down previously from $29.00.MarketBeat