Brandywine Realty Trust Announces Over 724,000 Square Feet of Third Quarter 2009 Leasing Activity
October 20 2009 - 9:00AM
PR Newswire (US)
RADNOR, Pa., Oct. 20 /PRNewswire-FirstCall/ -- Brandywine Realty
Trust (NYSE:BDN) announced today that it has signed 724,520 square
feet of new and renewal leases during the third quarter of 2009,
including 258,758 square feet of leasing activity that commenced
during the third quarter of 2009. "We remain pleased with the high
level of leasing activity throughout our portfolio," stated Gerard
H. Sweeney, President and Chief Executive Officer of Brandywine
Realty Trust. "Our ability to generate and execute significant
leasing activity is a testament to the strength of our leasing and
management teams." Total SF Signed with Future SF Signed &
Commencement Dates Commenced Beyond Total SF Region During 3Q09
4Q09 2010 2010 Signed PA 89,062 142,116 61,531 52,078 344,787 NJ/DE
74,385 78,899 24,527 0 177,811 DC 9,831 32,629 37,792 1,486 81,738
RCH 56,530 10,688 4,955 0 72,173 CA 25,806 0 5,544 0 31,350 AUS
3,144 0 13,517 0 16,661 Total 258,758 264,332 147,866 53,564
724,520 Leasing highlights include the following transactions:
Pennsylvania (344,787 SF) Major leases include: -- Willis of PA
renewed a 43,972 square foot lease and signed a 5,104 square foot
lease expansion at Five Radnor Corporate Center, Radnor --
Allen-Sherman-Hoff signed a new 36,019 square foot lease at 457
Creamery Way, Exton -- Binswanger renewed a 29,346 square foot
lease at Two Logan Square, Philadelphia -- Mitts Milavec renewed a
27,048 square foot lease at Two Logan Square, Philadelphia --
Regus/HQ renewed a 23,370 square foot lease at 630 Freedom Business
Center, King of Prussia -- Octo Waterfront Grille signed a new
16,000 square foot lease at Pier 13, Philadelphia -- Planalytics,
Inc. signed a new 12,694 square foot lease at 200 Berwyn Park,
Berwyn -- EHR signed a new 11,551 square foot lease at 15 Campus
Boulevard and a 9,972 square foot lease at 17 Campus Boulevard,
Newtown Square -- Wind River Holdings signed renewed an 8,422
square foot lease and signed a 2,178 square foot lease expansion at
Croton Road Corporate Center, King of Prussia New Jersey / Delaware
(177,811 SF) Major leases include: -- Virtua renewed a 38,772
square foot lease at 6 East Clementon Road, Gibbsboro, NJ --
Integrated Communications renewed a 25,525 square foot lease at 989
Lenox Drive, Lawrenceville, NJ -- Travelers renewed a 15,261 square
foot lease at Lake Center II, Marlton, NJ -- ICON Clinical renewed
a 10,143 square foot lease at Christiana Corporate Campus,
Wilmington, DE Metro DC (81,738 SF) Major leases include: -- Serco
renewed a 34,623 square foot lease at 11781 Lee Jackson Highway in
Fairfax, VA -- URS renewed a 13,258 square foot lease at 13825
Sunrise Drive in Dulles Corner, VA -- Digital Sandbox, Inc. renewed
a 7,279 square foot lease and signed a 6,535 square foot lease
expansion at 8260 Greensboro Drive in Tysons Corner, VA Richmond,
Virginia (72,173 SF) Major leases include: -- Bon Secours Richmond
Health System signed a new 12,218 square foot lease at Arboretum V
-- Med, Inc. signed a new 11,407 square foot lease at Arboretum II
California (31,350 SF) Major leases include: -- First Regional Bank
renewed and expanded a 12,841 square foot lease at La Place Court,
Carlsbad -- CSTV renewed a 10,495 square foot lease at Camino West
Corporate Park, Carlsbad Austin, Texas (16,661 SF) Major leases
include: -- Catapult Systems signed a new 13,517 square foot lease
at Three Barton Skyway, Austin About Brandywine Realty Trust
Brandywine Realty Trust is one of the largest, publicly traded,
full-service, integrated real estate companies in the United
States. Organized as a real estate investment trust and operating
in select markets, Brandywine owns, develops and manages a
primarily Class A, suburban and urban office portfolio aggregating
approximately 36.1 million square feet, including 25.6 million
square feet which it currently owns on a consolidated basis. For
more information, visit our website at
http://www.brandywinerealty.com/. Forward-Looking Statements
Certain statements in this release constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, performance, achievements or transactions of
the Company and its affiliates or industry results to be materially
different from any future results, performance, achievements or
transactions expressed or implied by such forward-looking
statements. Such risks, uncertainties and other factors relate to,
among others, the Company's ability to lease vacant space and to
renew or relet space under expiring leases at expected levels, the
potential loss of major tenants, interest rate levels, the
availability and terms of debt and equity financing, competition
with other real estate companies for tenants and acquisitions,
risks of real estate acquisitions, dispositions and developments,
including cost overruns and construction delays, unanticipated
operating costs and the effects of general and local economic and
real estate conditions. Additional information or factors which
could impact the Company and the forward-looking statements
contained herein are included in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events. DATASOURCE: Brandywine
Realty Trust CONTACT: Investor/Press, Marge Boccuti, Manager,
Investor Relations, +1-610-832-7702, ; Company, Howard M. Sipzner,
EVP & CFO, +1-610-832-4907, , both of Brandywine Realty Trust
Web Site: http://www.brandywinerealty.com/
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