COLUMBIA, MD | April 4, 2019 – Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) completed a 16,000 square foot lease with a defense contractor at 4000 Market Street, a 43,000 square foot building under construction at Redstone Gateway—COPT’s mixed-use, Class-A business park that supports Redstone Arsenal in Huntsville, AL. As a result of this transaction, the building is now 100% leased.
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (“IT”) related activities servicing what it believes are growing, durable, priority missions (“Defense/IT Locations”). The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (“Regional Office Properties”). As of December 31, 2018, the Company derived 88% of its core portfolio annualized revenue from Defense/IT Locations and 12% from its Regional Office Properties. As of the same date and including six buildings owned through an unconsolidated joint venture, COPT’s core portfolio of 161 office and data center shell properties encompassed 17.9 million square feet and was 94.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.
Jim Wilson & Associates, LLC, based in Montgomery, Alabama, has developed and managed a wide array of properties throughout the eastern United States, including Class A office buildings, hotels, residential communities and millions of square feet of premier shopping space. These experiences have brought knowledge and expertise that have generated new investment opportunities in capital, hospitality and gaming ventures as well. As a result, JWA’s services are expanding through the formation of partnerships and companies, including 42 Equity Partners, A&W Enterprises, LLC and JWA Ventures, LLC. JWA was founded by Jim Wilson, Jr. and today is led by his sons, Jim Wilson, III and Will Wilson, and a well-established team of talented and experienced professionals. For more information about Jim Wilson & Associates, LLC, please visit www.jwamalls.com.