Redstone

COPT Executes Large Lease With U.S. Government Behind Fence at Redstone Gateway

Retrieved on: 
Monday, June 1, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Ethnic groups in Egypt, Oriental Orthodoxy in Egypt, Oriental Orthodoxy by country, Huntsville-Decatur-Albertville, AL Combined Statistical Area, Marshall Space Flight Center, Operation Paperclip, Redstone, Christianity, Huntsville, Alabama, Copts, Real estate investment trust

Corporate Office Properties Trust (COPT or the Company) (NYSE:OFC) completed a large, long-term lease with the U.S. Government at 100 Secured Gateway, a 250,000 square foot project under development in the secure portion of Redstone Gateway in Huntsville, AL.

Key Points: 
  • Corporate Office Properties Trust (COPT or the Company) (NYSE:OFC) completed a large, long-term lease with the U.S. Government at 100 Secured Gateway, a 250,000 square foot project under development in the secure portion of Redstone Gateway in Huntsville, AL.
  • The agency was looking to consolidate into modern, secure space, and is expected to occupy 100 Secured Gateway before the end of this calendar year.
  • We are proud to have been able to provide the right real estate solution for this U.S. Government customer and their mission needs, and humbly welcome them to the secure campus of Redstone Gateway, stated Stephen E. Budorick, COPTs President & Chief Executive Officer.
  • COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties.

Redstone Federal Credit Union Taps Fiserv for P2P Payments

Retrieved on: 
Wednesday, May 20, 2020
Professional services, Data management, Technology, Finance, Software, Banking, Redstone Federal Credit Union, Redstone, Mixed economies, Credit union, Weapons, Space program of the United States, Sumner Redstone, Redstone Federal Credit Union, Fiserv, Zelle®

We follow payments closely and are always watching to see which ones click with members, said Terri Bentley, Senior Executive Vice President at Redstone Federal Credit Union.

Key Points: 
  • We follow payments closely and are always watching to see which ones click with members, said Terri Bentley, Senior Executive Vice President at Redstone Federal Credit Union.
  • With more than $5.5 billion in assets, Redstone Federal Credit Union is the largest member-owned financial institution in Alabama and one of the largest federal credit unions in the nation by assets.
  • Based in Huntsville, Alabama, Redstone Federal Credit Union serves more than 500,000 members.
  • Redstone Federal Credit Union provides a level of service that is not generally available at other financial institutions through its philosophy of - People Helping People.

COPT Executes Build-to-Suit with Defense Contractor for 7100 Redstone Gateway

Retrieved on: 
Thursday, April 30, 2020
Commercial Building & Real Estate, Construction & Property, REIT, ALABAMA, Huntsville-Decatur-Albertville, AL Combined Statistical Area, Marshall Space Flight Center, Operation Paperclip, Redstone Arsenal, Real estate investment trust, Redstone, Military of the United States

The new corporate headquarters, 7100 Redstone Gateway, will be able to accommodate Cummings Aerospaces multiple business functions under one roof, with unparalleled proximity to its U.S. Government customer base on Redstone Arsenal.

Key Points: 
  • The new corporate headquarters, 7100 Redstone Gateway, will be able to accommodate Cummings Aerospaces multiple business functions under one roof, with unparalleled proximity to its U.S. Government customer base on Redstone Arsenal.
  • The new development is anticipated to be operational in the first quarter of 2021.
  • COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties.
  • As of March 31, 2020, the Company derived 88% of its core portfolio annualized rental revenue from Defense/IT Locations and 12% from its Regional Office Properties.

COPT Executes 75% Pre-Lease with Defense Contractor at 6000 Redstone Gateway

Retrieved on: 
Wednesday, December 18, 2019
Professional services, Defense, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Other Defense, Marshall Space Flight Center, Operation Paperclip, Huntsville-Decatur-Albertville, AL Combined Statistical Area, ALABAMA, States of the United States, Redstone Arsenal, PGM-11 Redstone, Huntsville, Alabama, Redstone Building, Redstone

Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) completed a pre-lease with a defense contractor for 75% of the rentable square feet at 6000 Redstone Gateway, a 40,400 square foot, single-story office building to be built at Redstone Gateway, COPTs mixed-use, Class-A development that supports Redstone Arsenal in Huntsville, AL.

Key Points: 
  • Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) completed a pre-lease with a defense contractor for 75% of the rentable square feet at 6000 Redstone Gateway, a 40,400 square foot, single-story office building to be built at Redstone Gateway, COPTs mixed-use, Class-A development that supports Redstone Arsenal in Huntsville, AL.
  • Construction will start in January to achieve a lease commencement date in the fourth quarter of 2020.
  • The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties).
  • As of September 30, 2019, the Company derived 88% of its core portfolio annualized revenue from Defense/IT Locations and 12% from its Regional Office Properties.

NASA Invites Media to Final Orion Jettison Motor Test in Huntsville, Alabama

Retrieved on: 
Wednesday, October 9, 2019
Spaceflight, Spacecraft, Outer space, Project Mercury, Human spaceflight, In spaceflight, Deep Space Habitat, Orion, Launch escape system, Redstone, Max Launch Abort System, Ascent Abort-2

The test will take place Wednesday, Oct. 16, at the Redstone Test Center in Huntsville, Alabama.

Key Points: 
  • The test will take place Wednesday, Oct. 16, at the Redstone Test Center in Huntsville, Alabama.
  • During this third and final test, the jettison motor will fire for just under two seconds on the ground, producing more than 40,000 pounds of thrust.
  • Before and after the hot fire test, media will have an opportunity to interview subject matter experts, including Orion Program Manager Mark Kirasich.
  • The jettison motor is one of three motors comprising Orion's launch abort system and is the only motor to fire on every mission.

Abaco Announces Plans to Expand Huntsville Presence by 50%

Retrieved on: 
Thursday, May 2, 2019
Huntsville-Decatur-Albertville, AL Combined Statistical Area, States of the United States, Huntsville, Alabama, United States, ALABAMA, Redstone, Abaco, Country subdivisions

HUNTSVILLE, Ala., May 2, 2019 /PRNewswire/ --Abaco Systems today announced that, in response to growing demand for the company's products and services, it is to expand its presence at its world headquarters in Huntsville, Alabama.

Key Points: 
  • HUNTSVILLE, Ala., May 2, 2019 /PRNewswire/ --Abaco Systems today announced that, in response to growing demand for the company's products and services, it is to expand its presence at its world headquarters in Huntsville, Alabama.
  • Construction is now under way on a new, 40,000 square foot engineering design center located at Redstone Gateway in Huntsville.
  • "We've seen substantial growth in our business especially our systems business that means we have now outgrown our existing Huntsville facility," said Rich Sorelle, President and CEO, Abaco Systems.
  • With an active presence in hundreds of national asset platforms on land, sea and in the air, Abaco Systems is trusted where it matters most.

COPT to Build Four-Building Campus for Yulista at Redstone Gateway

Retrieved on: 
Tuesday, April 30, 2019
Professional services, REIT, Finance, Construction & Property, Commercial Building & Real Estate, Operation Paperclip, Huntsville-Decatur-Albertville, AL Combined Statistical Area, Marshall Space Flight Center, Oriental Orthodoxy by country, Huntsville, Alabama, Redstone, Copts, Christianity

Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) executed a series of leases to construct a four-building campus at Redstone Gateway for Yulista Holding LLC (Yulista), an aerospace defense contractor formed in Alaska and headquartered in Huntsville, AL.

Key Points: 
  • Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) executed a series of leases to construct a four-building campus at Redstone Gateway for Yulista Holding LLC (Yulista), an aerospace defense contractor formed in Alaska and headquartered in Huntsville, AL.
  • Yulista will occupy its campus before the end of 2020, and has the option to expand.
  • We thank COPT for working with us and truly understanding our needs and highest prioritieswarfighters, team members, and shareholders.
  • COPTs Chief Operating Officer, Paul Adkins, stated, Upon its completion, Yulistas campus will increase Redstone Gateways operational square footage to over one million square feet.

8800 Redstone Gateway Now 100% Leased to Two Defense Contractors

Retrieved on: 
Tuesday, April 30, 2019
Professional services, REIT, Finance, Construction & Property, Commercial Building & Real Estate, ALABAMA, Huntsville-Decatur-Albertville, AL Combined Statistical Area, Marshall Space Flight Center, Operation Paperclip, States of the United States, Redstone Arsenal, Redstone, Huntsville, Alabama

Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) completed a 37,400 square foot lease with an aerospace defense contractor at 8800 Redstone Gateway, the 76,000 square foot building under construction at COPTs mixed-use, Class-A business park that supports Redstone Arsenal in Huntsville, AL.

Key Points: 
  • Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) completed a 37,400 square foot lease with an aerospace defense contractor at 8800 Redstone Gateway, the 76,000 square foot building under construction at COPTs mixed-use, Class-A business park that supports Redstone Arsenal in Huntsville, AL.
  • As a result of this transaction, the building is 100% pre-leased to two defense contractors, who plan to occupy the building in the fourth quarter of 2019.
  • As of December 31, 2018, the Company derived 88% of its core portfolio annualized revenue from Defense/IT Locations and 12% from its Regional Office Properties.
  • Future events and actual results may differ materially from those discussed in the forward-looking statements.

COPT Announces 4000 Market Street at Redstone Gateway Now 100% Leased

Retrieved on: 
Thursday, April 4, 2019
REIT, Defense, Contracts, Construction & Property, Commercial Building & Real Estate, Residential Building & Real Estate, ALABAMA, Marshall Space Flight Center, Operation Paperclip, Huntsville-Decatur-Albertville, AL Combined Statistical Area, States of the United States, Redstone Arsenal, Redstone, Huntsville, Alabama

Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) completed a 16,000 square foot lease with a defense contractor at 4000 Market Street, a 43,000 square foot building under construction at Redstone GatewayCOPTs mixed-use, Class-A business park that supports Redstone Arsenal in Huntsville, AL.

Key Points: 
  • Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) completed a 16,000 square foot lease with a defense contractor at 4000 Market Street, a 43,000 square foot building under construction at Redstone GatewayCOPTs mixed-use, Class-A business park that supports Redstone Arsenal in Huntsville, AL.
  • As a result of this transaction, the building is now 100% leased.
  • As of December 31, 2018, the Company derived 88% of its core portfolio annualized revenue from Defense/IT Locations and 12% from its Regional Office Properties.
  • Future events and actual results may differ materially from those discussed in the forward-looking statements.

COPT Executes 50% Pre-Lease with Defense Contractor at 8800 Redstone Gateway

Retrieved on: 
Thursday, March 7, 2019
REIT, Construction & Property, Commercial Building & Real Estate, ALABAMA, Marshall Space Flight Center, Operation Paperclip, Huntsville-Decatur-Albertville, AL Combined Statistical Area, States of the United States, Redstone Arsenal, Redstone Building, PGM-11 Redstone, Huntsville, Alabama, Redstone

Corporate Office Properties Trust (COPT or the Company) (NYSE:OFC) completed a 38,000 square foot lease with a defense contractor at 8800 Redstone Gateway, a 76,000 square foot building under construction at Redstone GatewayCOPTs mixed-use, Class-A development that supports Redstone Arsenal in Huntsville, AL.

Key Points: 
  • Corporate Office Properties Trust (COPT or the Company) (NYSE:OFC) completed a 38,000 square foot lease with a defense contractor at 8800 Redstone Gateway, a 76,000 square foot building under construction at Redstone GatewayCOPTs mixed-use, Class-A development that supports Redstone Arsenal in Huntsville, AL.
  • For more information, please refer to the Companys related press kit on its Investors website, and as follows:
    The lease represents approximately 50% of the buildings rentable square feet.
  • With this transaction, COPTs active construction pipeline of 1.1 million square feet in nine separate developments is now 84% leased.
  • As of December 31, 2018, the Company derived 88% of its core portfolio annualized revenue from Defense/IT Locations and 12% from its Regional Office Properties.