I first got interested in Corporate Office Properties Trust when the Wall Street Journal identified the company as a virtual real-estate proprietary for the intelligence community, particularly the National Security Agency and National Reconnaissance Office. Not long after that, in the fall of 2006, COPT acquired several key pieces of real estate in the Colorado Springs area, conveniently close to military bases and large defense contractors. Now, the COPT logo is everywhere .... in Interquest in northern Colorado Springs....
In Patriot Park near Powers and Platte...
... and in the expansion of SI International off Powers Blvd. near Peterson AFB. Even when the rest of the real estate market is in a slump, it's nice to know the intelligence agencies are helping us recover from the subprime crisis.
SEPT. 14 ADDENDUM -- Thanks to Mark Lewis for pointing me to this Colorado Springs Gazette article on COPT winning a new city contract for developing a massive, military-oriented business park near the airport. COPT will be owning the durned city pretty soon...
