Brandywine Realty Trust Announces 1.4 Million Square Feet of Leasing Activity

RADNOR, Pa., Jan. 24, 2011 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has signed 1.4 million square feet in new and renewed leases during the fourth quarter of 2010, including more than 241,000 square feet of leasing activity commencing through December 31, 2010.

"We are extremely pleased with the amount of leasing achieved this quarter and more importantly with our leasing velocity for the year," stated Gerard H. Sweeney, President and Chief Executive Officer of Brandywine Realty Trust.  "In a tough economic climate, this quarter's activity culminates in 4.2 million square feet of leasing for 2010, a significant improvement over 2009 volume of 3.6 million square feet."

Leasing Highlights include the following transactions:

Pennsylvania (384,130 SF)

Major leases include:

• Wallquest, Inc. signed a new 77,184 square feet at lease at 741 First Avenue, King of Prussia
• SunGard Shareholder Systems, LLC renewed a 26,505 square foot lease at 595 East Swedesford Road, Wayne
• Qliktech, Inc. renewed a 17,330 square foot lease and signed a 21,876 square foot expansion lease at 150 Radnor Financial Center, Radnor
• Preferred Unlimited Inc. signed a new a 16,885 square foot lease at One Radnor Corporate Center, Radnor
• TEK Systems, Inc. signed a new 16,101 square foot lease at Three Radnor Corporate Center, Radnor
• Newspring Capital, LLC signed a 14,402 square foot expansion lease at 555 Lancaster Avenue, Radnor
• American Executive Centers signed a new 11,473 square foot lease at 101 Lindenwood Drive, Malvern

New Jersey / Delaware (332,199 SF)

Major leases include:

• Stark & Stark renewed a 73,912 square foot lease and signed a 20,049 square foot expansion lease at 993 Lenox Drive, Lawrenceville, NJ
• Parker McCay PA signed a new a 49,916 square foot lease and will be relocating and expanding within the portfolio to 9000 Midlantic Drive, Mount Laurel, NJ
• Morgan Stanley Smith Barney Financing, LLC signed a new 23,370 square foot lease and will be relocating and expanding within the portfolio to 1200 Lenox Drive, Lawrenceville, NJ
• Bank of America renewed a 16,657 square foot lease and signed a 4,640 square foot expansion lease at Five Greentree Centre, Marlton, NJ
• Lockheed Martin renewed a 12,498 square foot lease and an 11,322 square foot lease at 2000 Midlantic Drive, Mount Laurel, NJ
• Selective Insurance Co. of America signed a new 10,496 square foot lease at 309 Fellowship Road, Mount Laurel, NJ
• MaGrann Associates signed a new 10,217 square foot lease at 701 East Gate Drive, Mount Laurel, NJ

Metro DC (294,304 SF)

Major leases include:

• Deltek Systems signed a new 157,911 square foot lease at 2291 Wood Oak Drive, Herndon, VA (as previously announced on November 15, 2010)
• CA Technologies renewed a 70,051 square foot lease at 2291 Wood Oak Drive, Herndon, VA (as previously announced on November 15, 2010)
• Vovici signed a new 20,513 square foot lease at 196 Van Buren Street, Herndon, VA
• Emergent BioSoultions signed a 10,428 square foot expansion lease at 2273 Research Boulevard, Rockville, MD

Richmond, Virginia (276,323 SF)

Major leases include:

• PPD, Inc. renewed a 91,987 square foot lease and signed a 34,503 at Dabney Road, Richmond
• West Home Health Care renewed a 33,600 square foot lease at 2277 Dabney Road, Richmond
• Kinsale Insurance Company signed a new 11,903 square foot lease at Two Paragon Place, Richmond
• AWV renewed a 11,263 square foot lease at 2201-2245 Tomlynn Street, Richmond

California (52,713 SF)

Major leases include:

• Pacific Western Bank renewed a 21,934 square foot lease at La Place Court, Carlsbad

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 314 properties and 36 million square feet, including 233 properties and 25.6 million square feet owned on a consolidated basis and 51 properties and 6.5 million square feet in 17 unconsolidated real estate ventures. For more information, please visit 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