Business
COPT Defense Executes 132,000 Square Foot Build-to-Suit Lease in San Antonio, Bringing New Investments in 2025 to $277 Million
COLUMBIA, Md., January 08, 2026--COPT Defense Properties (NYSE: CDP) ("COPT Defense" or the "Company") executed a build-to-suit lease in December 2025 with a Fortune 100 Company in San Antonio, Texas. Construction is expected to commence on this 132,000 square foot, high-security specialized facility in the third quarter of 2026, with rent commencement expected in the fourth quarter of 2027. The anticipated capital commitment to this development project is $88 million, which densifies the Compan
About this update from Copt Defense Properties
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":4088,"height":616,"url":"https://media.zenfs.com/en/business-wire.com/d3e01b0c0b40b4b05bbd858a7a8518a2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DvRkeq7BnHa4TBm6kvIAfg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE0NTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/d3e01b0c0b40b4b05bbd858a7a8518a2","width":960,"height":145},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/anhafXCR5uSSGU_tEmgH_A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0zNjI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/d3e01b0c0b40b4b05bbd858a7a8518a2","width":1200,"height":181}},"lazy":false},{"type":"text","content":"Exceeds Capital Commitment to New Investments Guidance in 2025","length":62,"tagName":"p","attribs":{}},{"type":"text","content":"COLUMBIA, Md., January 08, 2026--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) ("COPT Defense" or the "Company") executed a build-to-suit lease in December 2025 with a Fortune 100 Company in San Antonio, Texas. Construction is expected to commence on this 132,000 square foot, high-security specialized facility in the third quarter of 2026, with rent commencement expected in the fourth quarter of 2027. The anticipated capital commitment to this development project is $88 million, which densifies the Company’s existing campus in San Antonio.","length":572,"tagName":"p","attribs":{}},{"type":"text","content":"In 2025, the Company committed $277 million of capital to five new investments totaling 640,000 square feet, all in its Defense/IT Portfolio, which exceeded the high end of the Company’s increased guidance range of $225 to $275 million, and was well above the initial guidance range of $200 to $250 million. The new investments consisted of:","length":341,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;border-bottom:solid black 1.0pt;width:8%;","val":[{"type":"text","content":"Qtr","length":3,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;border-bottom:solid black 1.0pt;width:23%;","val":[{"type":"text","content":"Project","length":7,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","sty...