Article: Corporate Office Properties Trust Acquires 474,000 Square Foot Canton Crossing Tower in Baltimore, Maryland.

Corporate Office Properties Trust (COPT) (NYSE:OFC) announced the acquisition of a 474,000 square foot office tower, a parking lot, a utility distribution center, four waterfront lots and riparian rights, all part of the Canton Crossing planned unit development in Baltimore, Maryland. The waterfront lots are approved for 500,000 square feet of office, 150,000 square feet of retail, a 450 room hotel and a marina. The office tower is 91% leased with CareFirst as the largest tenant at 34%. The financial details of the transaction will be disclosed on our third quarter earnings conference call scheduled for Thursday, October 29, 2009 at 11:00 a.m. Eastern Time. Detailed ...

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