Core Viewpoint - COPT Defense Properties has secured a significant lease agreement with a top 10 U.S. Defense contractor, enhancing its development pipeline and occupancy rates [1] Group 1: Lease Agreement - The company executed a lease for 148,000 square feet at 400 National Business Parkway [1] - The lease term is nearly 11 years, expected to commence in the fourth quarter of 2026 [1] - This lease contributes to the company's development pipeline, which is now 86% leased, totaling 882,000 square feet [1]

Core Insights - Newmark Group, Inc. has successfully arranged a $435 million refinancing for Starbucks Center, a significant office property in Seattle, on behalf of Nitze-Stagen & Co., Inc. and Daniels Real Estate [1][2] - The refinancing is expected to enhance the operational excellence of Starbucks Center, which serves as the headquarters for Starbucks Corporation and symbolizes the brand's heritage [2][3] - Starbucks has committed to a new 20-year lease extension, ensuring its presence at Starbucks Center through 2038, and has invested over $300 million in the property [3] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor and service provider, generating over $2.8 billion in revenues for the twelve months ended March 31, 2025, and operating from 165 offices globally with approximately 8,100 professionals [6] - Nitze-Stagen & Co., Inc. is a multi-generational real estate investment and management firm known for its adaptive reuse projects in the Puget Sound Region [4] - Daniels Real Estate, LLC is recognized for its architectural contributions to Seattle's skyline and focuses on adaptive reuse projects, preserving iconic buildings in the area [5]