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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.
SOURCE Brandywine Realty Trust
http://www.brandywinerealty.com
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