Corporate Office Properties Trust (NYSE: OFC) has executed an 18,000 square foot lease with The Maryland Innovation and Security Institute in the Columbia Gateway Business & Innovation Center in Columbia, Maryland. In response to United States Cyber Command awarding them a five-year Partnership Intermediary Agreement to innovate new technologies, MISI is establishing a cyber innovation, collaboration, and prototyping facility in Columbia Gateway, which is within 10 miles of Fort Meade and where USCYBERCOM is located.Below is a link to the press release MISI issued on June 12, 2018:
https://misi.tech/news-and-info/MISI-Awarded-Cyber-Innovation-Contract-with-USCYBERCOM.html
“We are honored to provide a state-of-the-art facility to support MISI’s expanding cybersecurity mandate,” stated Paul R. Adkins, COPT’s Executive Vice President & Chief Operating Officer. “Columbia Gateway already has proven to be a go-to location for cybersecurity and advanced technology companies. Since the formation of U.S. Cyber Command in late 2010 and including this transaction, 38% of our new leasing in Columbia Gateway has been with cyber tenants, and we estimate that 25% of the park’s four million square feet of office space is leased to cybersecurity companies. We believe that MISI’s collaborative culture and business practices will attract additional cybersecurity firms who seek to accelerate the growth and production of their technological solutions in support of our national security priorities.”
About The Maryland Innovation and Security Institute
MISI is a non-profit formed exclusively to further and promote charitable, educational, and scientific purposes including, but not limited to, furthering innovation in cybersecurity through education, global technology partnerships, investment, and community engagement to create a collaborative network of subject matter experts and cyber professionals. For more information, please visit misi.tech.
Company Information
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology related activities servicing what it believes are growing, durable, priority missions. The Company also owns a portfolio of office properties located in select urban/urban-like sub markets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics. As of March 31, 2018, the Company derived 88% of its core portfolio annualized revenue from Defense/IT Locations and 12% from its Regional Office Properties. As of the same date and including six buildings owned through an unconsolidated joint venture, COPT’s core portfolio of 157 office and data center shell properties encompassed 17.5 million square feet and was 91.9% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.
