
Corporate Office Properties Trust (COPT) (NYSE: OFC) has sold five buildings in the White Marsh submarket of Greater Baltimore, MD, for $19.2 million, or $18.5 million, net.
The White Marsh buildings total 163,000 square feet were 83.2 percent leased at the end of the fourth quarter. Four of the five buildings were constructed in the mid-to-late 1980s.
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Exelon Corporation (NYSE: EXC) and Constellation Energy (NYSE: CEG) have conditionally selected Harbor East Development Group, LLC, as the developer for the proposed headquarters to be located at Harbor Point between Fells Point and Harbor East in Baltimore, in a to-be-constructed building. The award is contingent on Exelon and the developer reaching an agreement on lease terms and other conditions. Exelon has also selected Washington, D.C.-based...
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