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COPT inks big lease at Arundel Preserve

Corporate Office Properties Trust, of Columbia, said it has signed a 10-year lease with a cybersecurity-related tenant for approximately 88,500 square feet of space at The Corporate Center at Arundel Preserve, a 63-acre office park in Annapolis Junction, located near Fort George G. Meade.

As a result of the transaction, COPT said it will begin construction on 7880 Milestone Parkway, a 120,000-square-foot building that is approximately 75 percent pre-leased to the cybersecurity tenant.

The identity of the tenant was not disclosed. The lease is expected to begin during the third quarter of 2015.

A real estate investment trust, COPT serves specialized requirements of U.S. government agencies and defense contractors.