Brandywine Realty Trust Announces Over 1 Million Square Feet of Leasing Activity

RADNOR, Pa., April 15 /PRNewswire-FirstCall/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has signed over 1 million square feet in new and renewed leases during the first quarter of 2010, including more than 197,000 square feet of leasing activity commencing through March 31, 2010.

"This quarter's leasing activity, comprised of 51% new leases and 49% renewal / expansion leases, demonstrates the desire of our existing tenants to remain in the portfolio and decision of new tenants to choose quality landlords such as Brandywine Realty Trust," stated Gerard H. Sweeney, President and Chief Executive Officer.

Leasing Highlights include the following transactions:

Pennsylvania (493,516 SF)

Major leases include:

• GSI Commerce Solutions signed a new 74,893 square foot lease at 630 Allendale Road, King of Prussia
• An undisclosed company signed a new 66,751 square foot lease at 500 Enterprise Drive, Horsham
• Ametek signed a new 43,480 square foot lease at Southpoint V, Berwyn
• An undisclosed company signed a new 40,946 square foot lease at 300 Berwyn Park, Berwyn
• UBC Late Stage renewed a 24,096 square foot lease and signed an 11,561 square foot expansion lease at 920 Harvest Drive, Blue Bell
• PPD Development renewed a 20,820 square foot lease at 980 Harvest Drive, Blue Bell
• Mars Information Services renewed a 16,036 square foot lease at 412 Creamery Way, Exton
• CPA Solutions.Net renewed a 12,570 square foot lease at 101 West Elm Street, Conshohocken
• Absorption Systems renewed an 11,436 square foot lease at 436 Creamery Way, Exton
• CRF Health signed a new 10,126 square foot lease at Metroplex, Plymouth Meeting

New Jersey / Delaware (254,155 SF)

Major leases include:

• Lockheed Martin renewed a 46,945 square foot lease at 4000 Midlantic Drive, Mount Laurel
• Montgomery McCracken renewed a 17,616 square foot lease at Libertyview, Cherry Hill
• Neln Acquisition renewed a 12,829 square foot lease at 2000 Lenox Drive, Lawrenceville
• Impact Rx renewed a 12,038 square foot lease at 307 Fellowship Road, Mount Laurel
• McIntyre Risk Management renewed a 11,582 square foot lease at 220 Lake Drive East, Cherry Hill
• Cisco Systems renewed an 11,488 square foot lease at 308 Harper Drive, Moorestown
• The Segal Company signed a new 11,026 square foot lease at 1009 Lenox Drive, Lawrenceville
• Brown & Brown Metro signed a new 10,870 square foot lease at 1000 Bishops Gate Boulevard, Mount Laurel

Richmond, Virginia (182,521 SF)

Major leases include:

• Nationwide Mutual Insurance signed a new 55,565 square foot lease at Boulders IV
• Cavalier Telephone signed a new 14,116 square foot lease at Interstate Center
• Health Risk Partners signed a new 13,405 square foot lease at Two Paragon Place

Metro DC (47,940 SF)

Major leases include:

• Pace Global Energy Services renewed a 29,714 square foot lease at 4401 Fair Lakes Court, Fairfax, VA

Austin, Texas (36,834 SF)

Major leases include:

• SHI Government Solutions renewed a 22,668 square foot lease at Four Barton Skyway

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.  As of March 31, 2010, Brandywine owned, managed, or had an ownership interest in 343 office and industrial properties, aggregating approximately 34.7 million square feet, including 25.1 million square feet owned on a consolidated basis.  For more information, 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

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED