Brandywine Realty Trust Announces Over 72,000 Square Feet of Leasing Activity in Richmond, Virginia Region
October 21 2009 - 9:00AM
PR Newswire (US)
RICHMOND, Va., Oct. 21 /PRNewswire-FirstCall/ -- Brandywine Realty
Trust (NYSE:BDN), which owns and manages more than 3.8 million
square feet of office space in the Richmond, Virginia region,
announced today that it has signed 72,173 square feet of new and
renewed leases in its Richmond portfolio during the third quarter
of 2009. "Lease renewal levels are consistent with what we have
been able to accomplish historically and the pace of new lease
executions is remaining stable," stated Bill Redd, Senior Vice
President and Managing Director for the Central Virginia Region of
Brandywine Realty Trust. "We are hopeful that this increased
leasing activity will continue and that we will be able to take
advantage of the opportunities with our very capable leasing and
management teams." Leasing highlights include the following
transactions: -- Bon Secours Richmond Health System signed a new
12,218 square foot lease at Arboretum V. Bon Secours was
represented by Birck Turnbull of Thalhimer/Cushman & Wakefield.
Brandywine was represented in-house by Joey Caperton. -- Med, Inc.
signed a new 11,407 square foot lease at Arboretum II. Brandywine
was represented in-house by Joey Caperton. -- Golder Associates
signed a new 9,034 square foot lease at Interstate Center. Golder
was represented by Joel Oppenheim and John Snow of The Oppenheim
Group. Brandywine was represented in-house by Rick Miller. 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: Media, William D. Redd, Senior VP &
Managing Director, +1-804-521-1822, ; or Company, Howard M.
Sipzner, EVP & CFO, +1-610-832-4907, , both of Brandywine
Realty Trust Web Site: http://www.brandywinerealty.com/
Copyright