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Brandywine Realty Trust Announces Over 724,000 Square Feet of Third Quarter 2009 Leasing Activity

  • Press Release
  • Source: Brandywine Realty Trust
  • On 9:00 am EDT, Tuesday October 20, 2009

RADNOR, Pa., Oct. 20 /PRNewswire-FirstCall/ -- Brandywine Realty Trust (NYSE: BDN - News) announced today that it has signed 724,520 square feet of new and renewal leases during the third quarter of 2009, including 258,758 square feet of leasing activity that commenced during the third quarter of 2009.

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"We remain pleased with the high level of leasing activity throughout our portfolio," stated Gerard H. Sweeney, President and Chief Executive Officer of Brandywine Realty Trust. "Our ability to generate and execute significant leasing activity is a testament to the strength of our leasing and management teams."


                               Total SF Signed with Future
                 SF Signed &       Commencement Dates
                  Commenced                           Beyond   Total SF
    Region      During 3Q09  4Q09         2010         2010     Signed

    PA             89,062  142,116       61,531       52,078    344,787
    NJ/DE          74,385   78,899       24,527            0    177,811
    DC              9,831   32,629       37,792        1,486     81,738
    RCH            56,530   10,688        4,955            0     72,173
    CA             25,806        0        5,544            0     31,350
    AUS             3,144        0       13,517            0     16,661
    Total         258,758  264,332      147,866       53,564    724,520

Leasing highlights include the following transactions:

Pennsylvania (344,787 SF)

Major leases include:

  • Willis of PA renewed a 43,972 square foot lease and signed a 5,104 square foot lease expansion at Five Radnor Corporate Center, Radnor
  • Allen-Sherman-Hoff signed a new 36,019 square foot lease at 457 Creamery Way, Exton
  • Binswanger renewed a 29,346 square foot lease at Two Logan Square, Philadelphia
  • Mitts Milavec renewed a 27,048 square foot lease at Two Logan Square, Philadelphia
  • Regus/HQ renewed a 23,370 square foot lease at 630 Freedom Business Center, King of Prussia
  • Octo Waterfront Grille signed a new 16,000 square foot lease at Pier 13, Philadelphia
  • Planalytics, Inc. signed a new 12,694 square foot lease at 200 Berwyn Park, Berwyn
  • EHR signed a new 11,551 square foot lease at 15 Campus Boulevard and a 9,972 square foot lease at 17 Campus Boulevard, Newtown Square
  • Wind River Holdings signed renewed an 8,422 square foot lease and signed a 2,178 square foot lease expansion at Croton Road Corporate Center, King of Prussia

New Jersey / Delaware (177,811 SF)

Major leases include:

  • Virtua renewed a 38,772 square foot lease at 6 East Clementon Road, Gibbsboro, NJ
  • Integrated Communications renewed a 25,525 square foot lease at 989 Lenox Drive, Lawrenceville, NJ
  • Travelers renewed a 15,261 square foot lease at Lake Center II, Marlton, NJ
  • ICON Clinical renewed a 10,143 square foot lease at Christiana Corporate Campus, Wilmington, DE

Metro DC (81,738 SF)

Major leases include:

  • Serco renewed a 34,623 square foot lease at 11781 Lee Jackson Highway in Fairfax, VA
  • URS renewed a 13,258 square foot lease at 13825 Sunrise Drive in Dulles Corner, VA
  • Digital Sandbox, Inc. renewed a 7,279 square foot lease and signed a 6,535 square foot lease expansion at 8260 Greensboro Drive in Tysons Corner, VA

Richmond, Virginia (72,173 SF)

Major leases include:

  • Bon Secours Richmond Health System signed a new 12,218 square foot lease at Arboretum V
  • Med, Inc. signed a new 11,407 square foot lease at Arboretum II

California (31,350 SF)

Major leases include:

  • First Regional Bank renewed and expanded a 12,841 square foot lease at La Place Court, Carlsbad
  • CSTV renewed a 10,495 square foot lease at Camino West Corporate Park, Carlsbad

Austin, Texas (16,661 SF)

Major leases include:

  • Catapult Systems signed a new 13,517 square foot lease at Three Barton Skyway, 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 and manages a primarily Class A, suburban and urban office portfolio aggregating approximately 36.1 million square feet, including 25.6 million square feet which it currently owns 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.

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