Defense-Focused REIT Unloads 2 Properties For $49M

Law360, New York (December 19, 2011, 5:42 PM EST) -- Corporate Office Properties Trust, which focuses on developing and leasing space to government agencies and contractors, has sold two Baltimore-area properties for $48.7 million as part of a plan to boost its position in the defense sector, the company announced Monday.

The sale included 13 buildings with 583,622 square feet of operational space in the Rutherford Business Center in Woodlawn, Md., for $32.5 million and a 218,000-square-foot industrial warehouse with 13.4 acres of land in the White Marsh, Md., Commerce Center for $16.25 million.

COPT declined...
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