Copt defense exceeds development leasing guidance and vacancy leasing target in 2023

Columbia, md.--(business wire)--copt defense properties (nyse: cdp) (“copt defense” or the “company”) executed a long-term lease with a fortune 100 company for a 225,000 square foot, build-to-suit development in northern virginia in the fourth quarter of 2023. the facility is scheduled for shell completion in the fourth quarter of 2025. also in the quarter, the company executed a 26,500 square foot lease with a leading defense contractor at the 8100 rideout road development in huntsville, alaba.
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