COLUMBIA, MD – Corporate Office Properties Trust has sold 100% of COPT DC-6, the firm's only asset in its Wholesale Data Center reporting segment, for $222.5 million.
The company sold the data center to an investment vehicle managed by Cloud Capital, a CloudHQ affiliate company.
COPT will use the proceeds of the sale to fund its 1.8 million square feet of development projects that were 94% leased on September 30, 2021. The REIT had no debt on the asset.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
