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Article: Corporate Office Properties Expands Into Northern Virginia With $58.2 Million Acquisition of Washington Technology Park.
- Article from:
- Business Wire
- Article date:
- December 3, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
COLUMBIA, Md.--(BUSINESS WIRE)--Dec. 3, 2001
Corporate Office Properties Trust (NYSE:OFC), the largest suburban office real estate investment trust in the Baltimore/Washington Corridor, announced today its strategic expansion into the Northern Virginia marketplace.
The Company has acquired, for $58.2 million, Washington Technology Park, a multi-tenanted Class A office property located in Chantilly, Virginia.
"This transaction represents an important advancement for the Company and exemplifies our strategy of capitalizing on our dominant franchise in the B/W Corridor by expanding into strong neighboring markets," ...