Brandywine Realty Trust Announces Over 937,000 Square Feet of Leasing Activity

Oct 25, 2010, 17:25 ET from Brandywine Realty Trust

RADNOR, Pa., Oct. 25 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has signed over 937,000 square feet in new and renewed leases during the third quarter of 2010, including more than 228,000 square feet of leasing activity commencing through September 30, 2010.

"Our regional leasing teams have done a superb job renewing existing tenants and attracting new tenants to our properties," stated Gerard H. Sweeney, President and Chief Executive Officer of Brandywine Realty Trust.  "The continued level of leasing activity throughout our portfolio is a testament to tenants choosing quality landlords such as Brandywine Realty Trust."

Region

SF Signed & Commenced During 3Q10

Total SF Signed with Future Commencement Dates

Total SF Signed

4Q10

1H 2011

2H 2011

Beyond 2011

PA

83,947

109,711

115,344

5,665

22,782

337,449

DC

25,211

34,978

103,065

55,096

0

218,350

NJ/DE

51,828

63,010

5,658

0

0

120,496

RCH

26,519

24,442

55,883

0

2,089

108,933

CA

27,616

27,869

18,769

0

2,945

77,199

AUS

13,100

8,159

53,732

0

0

74,991

Total

228,221

268,169

352,451

60,761

27,816

937,418

Leasing Highlights include the following transactions:

Pennsylvania (337,449 SF)

Major leases include:

  • Omnicare renewed 39,000 square feet at 630 Allendale Road, King of Prussia
  • JG Wentworth signed a new 29,601 square foot lease at 201 King of Prussia Road
  • EHR renewed a 26,519 square foot lease and signed a new 11,551 square foot lease at 15 Campus Boulevard, Newtown Square
  • Cray Valley renewed a 23,002 square foot lease at 468 Thomas Jones Way, Exton
  • Accolade signed a new 22,782 square foot lease at 600 Plymouth Meeting Executive Campus, Plymouth Meeting
  • Beyond.com renewed a 16,395 square foot lease at Maschellmac IV, King of Prussia
  • Wells Fargo signed a new 14,402 square foot lease at 555 Lancaster Avenue, Radnor
  • HTH renewed a 13,167 square foot lease at One Radnor Corporate Center, Radnor
  • RAIT signed a new 12,392 square foot lease at Cira Centre, Philadelphia
  • Ignite Informatics signed a new 11,136 square foot lease at 400 Berwyn Park, Berwyn
  • Cohen Brothers renewed a 10,500 square foot lease at Cira Centre, Philadelphia
  • SNC Lavalin Project Services renewed a 10,057 square foot lease at 436 Creamery Way, Exton

Metro DC (218,350 SF)

Major leases include:

  • Verizon renewed an 81,618 square foot lease at Campus Pointe, Reston, VA
  • NRTC renewed a 55,096 square foot lease at 2121 Cooperative Way, Herndon, VA
  • Clifton Gunderson renewed a 19,149 square foot lease at Calverton II, Calverton, MD
  • USIS renewed a 15,453 square foot lease at Fairview Eleven Tower, Falls Church, VA
  • Handysoft signed a new 10,786 square foot lease at Fairview Eleven Tower, Falls Church, VA

New Jersey / Delaware (120,496 SF)

Major leases include:

  • Computer Sciences renewed a 22,475 square foot lease at 1120 Executive Plaza, Mount Laurel, NJ
  • Lockheed Martin renewed a 15,237 square foot lease at 2000 Midlantic Drive, Mount Laurel, NJ
  • Sherman Silverstein signed a new 13,975 square foot lease at 308 Harper Drive, Mount Laurel, NJ

Richmond, Virginia (108,933 SF)

Major leases include:

  • Ferguson Enterprises, Inc. signed a new 45,320 square foot lease at Brittons Hill, Richmond, VA

California (77,199 SF)

Major leases include:

  • Terramar renewed a 17,028 square foot lease at Pacific View Plaza, Carlsbad
  • Renewable Funding signed a new 16,090 foot lease at Lake Merritt Tower, Oakland
  • Kisco Development renewed its 12,830 square foot lease and expanded by an additional 2,144 square feet at Pacific Ridge Corporate Center, Carlsbad
  • Enviance signed a new 10,726 square foot lease at Pacific Ridge Corporate Center, Carlsbad

Austin, Texas (74,991 SF)

Major leases include:

  • Keller Williams signed a new 49,526 square foot lease at Three Barton Skyway, Austin
  • USA MCO signed a new 13,100 square foot lease at Cielo Center, 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, manages and has ownership interests in a primarily Class A, suburban and urban office portfolio comprising 318 properties and 34.4 million square feet, including 238 properties and 25.9 million square feet owned on a consolidated basis.  For more information, please visit our website at 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.

SOURCE Brandywine Realty Trust



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