Multiple anonymous sources are allowing CityBiz Real Estate
to report: "Corporate Office Properties Trust
is awaiting lender approval on a $120 million acquisition of Maritime Plaza
, a 12-acre site located at the East End of the Washington, D.C. Naval Yard, multiple sources tell citybiz real estate." This follows a story earlier today
saying that COPT was close to purchasing an unnamed site, described only as being a fully leased location occupied primarily by defense contractors.
If this goes through, it would be the third time the site has changed hands since construction on the second office building was completed in 2003, with Bernstein Cos. selling it for $92 million in 2004
, and then Brickman Associates
reportedly paying $115 million in October of 2005
. The site, which has two completed office buildings, has included plans for two additional 175,000-square-foot office buildings and a 250-room hotel; leasing is handled by Lincoln Property Company
. The land beneath the buildings and plans, however, continues to be owned by Washington Gas, as it has been since pretty much the dawn of time.