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COPT to take a gamble on the University of Maryland

5801urcrendering

Demand for office space in suburban Maryland and Northern Virginia is still struggling to rebound to pre-recession levels, but at least one area developer is rolling the dice that the tenants will come if you build it first.

Columbia-based Corporate Office Properties Trust (NYSE: OFC) plans to break ground speculatively on a 75,000-square-foot office building at the University of Maryland’s 126-acre research park. The park, called M Square, is already home the National Oceanic and Atmospheric Administration, the Food and Drug Administration’s Center for Food Safety and Applied Nutrition, and Raytheon.

The planned three-story building at 5801 Research Park Drive was designed by Powers Brown Architecture and is slated to include 25,000-square-foot floorplates and an outdoor plaza.

Read the full article from the Baltimore Business Journal.

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