COPT Defense Properties (CDP) has executed 177,000 square feet of vacancy leasing in Q3 to date and 408,000 square feet year to date, reaching 102% of its initial 400,000-square-foot target and 86% of its revised 475,000-square-foot target, the company said late Wednesday.
The company also executed a 75,000-square-foot investment lease at 8500 Advanced Gateway in Huntsville, Alabama, bringing the building to 89% leased, COPT Defense said. Investment leasing totaled 490,000 square feet year to date.
COPT Defense said it began development of two Redstone Gateway projects totaling 234,000 square feet and $88 million in capital commitments during Q3.
Year-to-date commitments to new investments totaled $332 million, in line with its revised guidance target, the company said.