{"id":927946,"date":"2026-01-15T16:21:35","date_gmt":"2026-01-15T21:21:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/copt-defense-executes-236000-square-foot-build-to-suit-lease-in-its-maryland-portfolio\/"},"modified":"2026-01-15T16:21:35","modified_gmt":"2026-01-15T21:21:35","slug":"copt-defense-executes-236000-square-foot-build-to-suit-lease-in-its-maryland-portfolio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/copt-defense-executes-236000-square-foot-build-to-suit-lease-in-its-maryland-portfolio\/","title":{"rendered":"COPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio"},"content":{"rendered":"

<\/p>\n

COPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio<\/span><\/b><\/p>\n

COLUMBIA, Md.–(BUSINESS WIRE<\/a>)–
\nCOPT Defense Properties (NYSE: CDP) (\u201cCOPT Defense\u201d or the \u201cCompany\u201d) executed a build-to-suit lease in January 2026 with a Defense\/IT tenant in its Maryland portfolio. The Company\u2019s anticipated capital commitment to this 236,000 square foot facility is $146 million, with rent commencement expected in the third quarter of 2028.<\/p>\n

\n\u201cWe continue to see strong demand for build-to-suit development in our Defense\/IT Portfolio, as demonstrated by the $277 million of capital commitments to new investments achieved in 2025. This build-to-suit lease is a continuation of that demand and represents a very strong start to the year,\u201d said Stephen E. Budorick, COPT Defense\u2019s President & CEO.<\/p>\n

About COPT Defense<\/span><\/b><\/p>\n

\nCOPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (\u201cUSG\u201d) defense installations and missions (referred to as its Defense\/IT Portfolio). The Company\u2019s tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of September 30, 2025, the Company\u2019s Defense\/IT Portfolio of 198 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.6 million square feet and was 97.0% leased.<\/p>\n

Forward-Looking Information<\/span><\/b><\/p>\n

\nThis press release may contain \u201cforward-looking\u201d statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company\u2019s current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201cplan\u201d or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that the expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements.<\/p>\n

\nThe areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2024.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260114636218\/en\/<\/a><\/span><\/p>\n

IR Contacts:
\n<\/b>
Venkat Kommineni, CFA
\n
443.285.5587
\n
venkat.kommineni@copt.com<\/a><\/p>\n

\nMichelle Layne
\n
443.285.5452
\n
michelle.layne@copt.com<\/a><\/p>\n

KEYWORDS:<\/b> District of Columbia Maryland United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Defense Other Construction & Property Commercial Building & Real Estate Construction & Property REIT Other Defense Contracts<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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COPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio COLUMBIA, Md.–(BUSINESS WIRE)– COPT Defense Properties (NYSE: CDP) (\u201cCOPT Defense\u201d or the \u201cCompany\u201d) executed a build-to-suit lease in January 2026 with a Defense\/IT tenant in its Maryland portfolio. The Company\u2019s anticipated capital commitment to this 236,000 square foot facility is $146 million, with rent commencement expected in the third quarter of 2028. \u201cWe continue to see strong demand for build-to-suit development in our Defense\/IT Portfolio, as demonstrated by the $277 million of capital commitments to new investments achieved in 2025. This build-to-suit lease is a continuation of that demand and represents a very strong start to the year,\u201d said Stephen E. Budorick, COPT Defense\u2019s President & CEO. About … <\/p>\n

Continue reading “COPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-927946","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCOPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/copt-defense-executes-236000-square-foot-build-to-suit-lease-in-its-maryland-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"COPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio COLUMBIA, Md.–(BUSINESS WIRE)– COPT Defense Properties (NYSE: CDP) (\u201cCOPT Defense\u201d or the \u201cCompany\u201d) executed a build-to-suit lease in January 2026 with a Defense\/IT tenant in its Maryland portfolio. The Company\u2019s anticipated capital commitment to this 236,000 square foot facility is $146 million, with rent commencement expected in the third quarter of 2028. \u201cWe continue to see strong demand for build-to-suit development in our Defense\/IT Portfolio, as demonstrated by the $277 million of capital commitments to new investments achieved in 2025. This build-to-suit lease is a continuation of that demand and represents a very strong start to the year,\u201d said Stephen E. Budorick, COPT Defense\u2019s President & CEO. 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