Corporate Office Properties Leases 150K Sq Ft in Blue Bell, PA

Corporate Office Properties Trust

has executed a long-term lease with a tenant for two spaces comprising nearly 150,000 square feet at its Arborcrest office park, a five building complex located in the Plymouth Meeting/Blue Bell submarket of Philadelphia, Pennsylvania. The first space comprises 38,000 square feet in 721 Arbor Way (Hillcrest II), a 183,400 square foot building that COPT began redeveloping in 2012 and which is now 86% leased. This portion of the lease commences in the second quarter of 2014.