Corporate Office Properties Trust (OFC) Acquires Three Office Buildings for $40.5M
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Corporate Office Properties Trust (NYSE: OFC) today announced the acquisition of three office buildings:
The first property is in Colorado Springs, Colorado and was acquired for $23.2 million. The building, known as Cresterra, is a three story Class A office building containing 124,305 square feet, located at 3535 Northrop Grumman Point. The office building is located in the Colorado Springs Airport Business Park and is 100% leased, long-term, to Northrop Grumman.
The other two properties are in San Antonio, Texas, and are known collectively as 151 Technology Center. The properties were acquired for $17.3 million, and are two story office buildings containing a total of 122,975 square feet, located at 1560 Cable Ranch Road. The office buildings are located in the Northwest submarket, near the interchange of Loop 410 and Highway 151, in close proximity to COPT's other San Antonio properties. The buildings are 100% leased, long-term, to Sears, Air Force Federal Credit Union and AFNI.
Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, management, and leasing of suburban office properties.
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Colorado Springs
Kurt Thomas on Jul 3, 2008 02:22 PMI have been in that building and was VERY impressed! Relocate To Grand Junction Real Estate LRE