Corporate Office Properties Trust, of Columbia, announced it sold five buildings in the White Marsh area for $19.2 million. The buildings contain approximately 163,000 square feet of space and were 83.2 percent leased as of Dec. 31, 2011.
The properties are at 7930 Honeygo Blvd; 8133 Perry Hall Blvd.; 7923 Honeygo Blvd.; 8114 Sandpiper Circle; and 8615 Ridgely’s Choice Drive. The buyer or buyers were not identified.
An office real estate investment trust focused on U.S. government and defense information technology tenants, COPT is restructuring its portfolio, selling $95.9 million worth of buildings and adjacent land since April 2011, and realizing $88.5 million in net proceeds.