COPT Inks Deal for Rekor Systems' Global HQ in Columbia
Howard County-based Corporate Office Properties Trust (COPT) has signed a deal with software firm Rekor Systems Inc. to lease 55,000 sf of space anchoring their global HQ in the new, five-story Wayline building in the Columbia Gateway office park. According to the Baltimore Business Journal, the four-year-old company, which uses artificial intelligence to inform public safety efforts, is expected to move from its current Howard County location to the new space in August with 153 employees, some of which are new hires. Rekor’s (NASDAQ: REKR) traffic monitoring software is used in more than 500 regions worldwide.