Brandywine Realty Trust Executes 641,433 Square Feet of Leasing in Fourth Quarter 2009
February 08 2010 - 9:00AM
PR Newswire (US)
RADNOR, Pa., Feb. 8 /PRNewswire-FirstCall/ -- Brandywine Realty
Trust (NYSE:BDN) announced today that it has signed 641,433 square
feet of new and renewal leases during the fourth quarter of 2009,
including 183,662 square feet of leases which commenced during the
fourth quarter of 2009, 404,711 square feet of leases scheduled to
commence during 2010 and 53,060 square feet of leases scheduled to
commence after 2010, as follows: SF Signed in 4Q 2009 with Future
SF Signed & Commencement Dates Commenced
------------------------------------------ During After Total SF
Region 4Q '09 1Q 2010 2Q 2010 3Q 2010 4Q 2010 2010 Signed ------
------ ------- ------- ------- ------- ---- ------ PA 61,099 59,953
88,178 15,956 27,909 53,060 306,155 Richmond 47,015 48,950 21,762
3,248 11,820 - 132,795 NJ/DE 53,602 42,035 28,792 - 2,494 - 126,923
CA 7,891 3,097 3,917 - 29,321 - 44,226 DC 8,102 16,060 - - - -
24,162 Austin 5,953 1,219 - - - - 7,172 Total 183,662 171,314
142,649 19,204 71,544 53,060 641,433 "Our regional leasing teams
continue to do an excellent job renewing existing tenants and
attracting new tenants to our properties," stated Gerard H.
Sweeney, President and Chief Executive Officer of Brandywine Realty
Trust. "Our portfolio remains well positioned to meet our
objectives in these challenging times." Leasing activity includes
the following regional transactions: Pennsylvania (306,155 SF)
Major leases include: -- Executive Health Resources renewed a
26,519 square foot lease at 15 Campus Boulevard, Newtown Square and
signed expansion leases totaling 34,071 square feet at 11, 15 and
17 Campus Boulevard -- Stevens and Lee renewed a 21,561 square foot
lease at 620 Freedom Business Center, King of Prussia -- Maaco
Franchising signed a new 21,431 square foot lease at 610 Freedom
Business Center, King of Prussia -- Penn Virginia signed a new
20,243 square foot lease at Four Radnor Corporate Center, Radnor --
GA II signed a new 20,229 square foot lease at 429 Creamery Way,
Exton -- Cisco Systems renewed a 16,308 square foot lease at
Valleybrooke II, Malvern -- Pennsylvania Trust renewed a 12,066
square foot lease and signed an 1,852 square foot expansion lease
at Five Radnor Corporate Center, Radnor -- Garces Restaurant Group
signed a new 12,392 square foot lease at Cira Centre, Philadelphia
Richmond, Virginia (132,795 SF) Major leases include: -- BB&T
Insurance Services renewed a 16,058 square foot lease at Interstate
Center -- Bell Industries renewed a 15,345 square foot lease at
Arboretum VII -- Honeywell International renewed a 10,200 square
foot lease at Dabney XI New Jersey / Delaware (126,923 SF) Major
leases include: -- Morgan Stanley renewed a 15,245 square foot
lease at Plaza 1000, Voorhees, NJ -- Integrated Communications
renewed a 12,762 square foot lease at Princeton Pike Corporate
Center, Lawrenceville, Gibbsboro, NJ California (44,226 SF) Major
leases include: -- CH2M Hill renewed a 29,321 square foot lease at
Lake Merritt Tower, Oakland 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 34.8 million square feet, including 25.4 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, , or Howard M. Sipzner, EVP
& CFO, +1-610-832-4907, , both of Brandywine Realty Trust Web
Site: http://www.brandywinerealty.com/
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