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COPT CEO Griffin to retire in March

Randall M. Griffin, CEO of Corporate Office Properties Trust, will retire at the end of March 2012, the Columbia-based office real estate investment trust announced on Friday. He will be succeeded by Roger A. Waesche Jr., COPT’s current president and chief operating officer, effective April 1, 2012.

Griffin will continue as a member of COPT’s board following his retirement as CEO.

Also, effective Sept. 29, 2011, Stephen E. Budorick will join COPT as executive vice president and COO. Budorick joins COPT from Chicago-based Callahan Capital Partners LLC, where he has served since 2006 as executive vice president of asset management. His responsibilities at COPT will include leasing, asset management, property management and government services.

COPT is a is a specialty office REIT that focuses primarily on properties occupied by U.S. government and defense information technology sectors and data centers serving those sectors.