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$2.6 Million "Fixer-Upper"

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An industrial facility at 9965 Federal Drive was recently purchased by Corporate Office Properties Trust. The site, previously owned by Intel Corporation sits on an 11-acre parcel and during the early 1990s, housed Ford Microelectronics research and development center. COPT will spend nearly $3 million to renovate the 60,000 square-foot office and lab building.