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

^{Published on 2012-01-30 13:44:21 - Market Wire}
 

Brandywine Realty Trust Announces Over One Million Square Feet of Leasing Activity -- RADNOR, Pa., Jan. 30, 2012 /PRNewswire/ --

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RADNOR, Pa., Jan. 30, 2012 /PRNewswire/ -- Brandywine Realty Trust (NYSE: [ BDN ]) announced today that it has signed 1,052,304 square feet of new and renewal leases during the fourth quarter of 2011, including 137,533 square feet of leasing activity which commenced prior to December 31, 2011.

"We are very pleased with our fourth quarter activity and more importantly with our leasing velocity for the entire year," stated Gerard H. Sweeney, President and Chief Executive Officer of Brandywine Realty Trust.  "In a challenging economic environment, our total 2011 leasing activity is approximately 4.5 million square feet, surpassing 2010's 4.2 million square feet."

Our fourth quarter leasing activity includes the following transactions:

Pennsylvania (338,528 SF)

Major leases include:

• Executive Health Resources, Inc. signed a 46,032 square foot expansion lease at 52 E. Swedesford Square, Malvern, PA
• Education Management Solutions, Inc. signed a 37,260 square foot lease and relocated to 436 Creamery Way, Exton, PA
• The Hartford signed a 34,122 square foot lease at Five Radnor Corporate Center, Radnor, PA
• HTH Worldwide renewed a 16,952 square foot lease and signed a 6,411 square foot expansion lease at One Radnor Corporate Center, Radnor, PA
• Keane signed a 23,358 square foot lease at Freedom Business Center - 640, King of Prussia, PA
• Maxwell Systems renewed a 16,016 square foot lease and signed a 3,400 square foot expansion lease at Maschellmac I, King of Prussia, PA
• 1&1 Internet, Inc. signed an 11,803 square foot lease at 300 Berwyn Park, Berwyn, PA

Philadelphia CBD (273,495 SF)

Major leases include:

• Reed Smith signed a 115,000 square foot lease at Three Logan Square, Philadelphia, PA (as previously announced on December 8, 2011)
• Regus signed a 19,407 square foot lease at Two Logan Square, Philadelphia, PA
• JAMS renewed a 7,168 square foot lease and signed a 4,875 square foot expansion lease at Three Logan Square, Philadelphia, PA

New Jersey / Delaware (169,725 SF)

Major leases include:

• Cooper renewed a 24,251 square foot lease and signed a 20,457 square foot health care expansion lease at Main Street, Voorhees, NJ
• VERUS Claims Services signed a 15,033 square foot lease at Princeton Pike Corporate Center #5, Lawrenceville, NJ
• New York Life signed a 13,975 square foot lease at Atrium I, Mount Laurel, NJ

Richmond, Virginia (154,944 SF)

Major leases include:

• An undisclosed tenant signed a 19,425 square foot lease at Arboretum VII, Richmond, VA
• Republic National Distributing Company renewed a 3,766 square foot lease and signed a 9,934 square foot expansion lease at Dabney X, Richmond, VA
• Virginia Cardiovascular Specialists, PC renewed a 10,456 square foot lease at Boulders VI, Richmond, VA

Metro DC (69,704 SF)

Major leases include:

• Rees Broome signed a 31,173 square foot lease at Plaza 1900, Vienna, VA
• BAE/Detica signed a 17,078 square foot lease at 1676 International Drive, McLean, VA
• Fujitsu renewed an 8,078 square foot lease and signed a 3,505 square foot expansion lease at 3141 Fairview Park Drive, Falls Church, VA

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 306 properties and 34.9 million square feet, including 232 properties and 25.3 million square feet owned on a consolidated basis and 52 properties and 6.5 million square feet in 18 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, including our Form 10-K for the year ended December 31, 2010.  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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