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.
"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:
New Jersey / Delaware (177,811 SF)
Major leases include:
Metro DC (81,738 SF)
Major leases include:
Richmond, Virginia (72,173 SF)
Major leases include:
California (31,350 SF)
Major leases include:
Austin, Texas (16,661 SF)
Major leases include:
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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