COPT acquires land for data center shell development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Acquisition of Land for Data Centers: COPT Defense Properties purchased a 365-acre land parcel near Des Moines, Iowa for $32 million to enhance its data center shell program, with potential for 3.3 million square feet of development and 1 gigawatt of power capacity.
Building Acquisition in San Antonio: The company acquired an 80,000 square foot vacant building in San Antonio, Texas for $17 million, which will be fully leased to the U.S. Government starting in the second quarter of 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
