"With Corporate Office Services, we will be able to leverage our development experience with the solid corporate relationships we have established," says Randall M. Griffin, president of COP, a self-managed REIT. "The result is a highly motivated and knowledgeable team that can offer value-oriented solutions to most real estate projects. We will also have the ability to invest in these projects, if appropriate."

COS will target development and fee opportunities such as constructing business parks, office buildings, warehouses, retail and specialty facilities, according to the company. The new company will also offer consulting services for companies located from Northern New Jersey to Northern Virginia.

Taylor, who has more than 26 years of experience in the Baltimore-DC market, has been with CCP and its predecessor companies since 1985. The Corporate Development Services team, which he also heads, has developed projects valued at more than $5 billion. Last year it developed more than $59 million in new construction and now has more than $95 million in construction activities under way.

Corporate Office Properties Trust focuses on suburban office properties located in targeted suburban sub markets in the United States. It owns 89 office properties with 6.9 million sf. Corporate Development Services, the REIT's development company, provides development and construction management services.