COPT Defense Properties announced the execution of a 10-year lease for 48,100 square feet at its Franklin Center property in Columbia Gateway. The lease was signed with a top 10 U.S. Defense Contractor, reinforcing the company's strong relationships within the national security sector.
This significant transaction brings Franklin Center, located at 6841 Benjamin Franklin Drive, to 80% leased, with 41,000 square feet of remaining availability. The increased occupancy strengthens the revenue stream from this key asset.
The overall Columbia Gateway portfolio, encompassing 2.5 million square feet, is now 92.0% leased, with only 200,000 square feet of available space. This high leased rate in a critical defense market highlights the continued demand for COPT Defense's specialized properties.
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