Please reload

COPT sells $53 million of suburban VA assets


Corporate Office Properties Trust sold $53 million of suburban assets in Northern Virginia.


In mid-January, COPT sold 5.3 acres of land for $14 million and, last week, completed the sale of 3120 Fairview Park Drive in the Merrifield submarket of Falls Church, Virginia, for $39 million. The 190,500-square-foot building was 87% occupied at December 31, 2016.


The REIT has an additional $10 million of asset sales under contract and $37-$47 million in contract negotiations, all of which are expected to close during 2017.


COPT is an office REIT that owns, manages, develops and selectively acquires office and data center properties in locations that support United States Government agencies and their contractors, most of whom are engaged in national security, defense and information technology related activities servicing priority missions. The company also owns a portfolio of Class-A office properties located in select urban/urban-like submarkets.

Share on Facebook
Share on Twitter
Please reload

Institutional investors slash CRE capital budget by 19%: Report

Ashford REIT invests in 'purification' tech to create allergy-free guestrooms

REIT to build $110M facility to house immigrants rounded up by Trump

Working in style: The corporate campus designed by Frank Lloyd Wright

Hard Rock unveils plans to revamp Trump's failed Atlantic City casino

Food tenants increasingly crucial for shopping centers: Report

Retailer Finer Fields aims to merge bricks and clicks

The Gents Place 'lifestyle club' muscling into new markets

Please reload


  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon
More from Squarefootprint
Further reading



  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon