Oct. 21, 2009 (PR Newswire) -- RICHMOND, Va., Oct. 21 /PRNewswire-FirstCall/ -- Brandywine Realty Trust (NYSE: BDN), which owns and manages more than 3.8 million square feet of office space in the Richmond, Virginia region, announced today that it has signed 72,173 square feet of new and renewed leases in its Richmond portfolio during the third quarter of 2009.
"Lease renewal levels are consistent with what we have been able to accomplish historically and the pace of new lease executions is remaining stable," stated Bill Redd, Senior Vice President and Managing Director for the Central Virginia Region of Brandywine Realty Trust. "We are hopeful that this increased leasing activity will continue and that we will be able to take advantage of the opportunities with our very capable leasing and management teams."
Leasing highlights include the following transactions:
-- Bon Secours Richmond Health System signed a new 12,218 square foot lease
at Arboretum V. Bon Secours was represented by Birck Turnbull of
Thalhimer/Cushman & Wakefield. Brandywine was represented in-house by
Joey Caperton.
-- Med, Inc. signed a new 11,407 square foot lease at Arboretum II.
Brandywine was represented in-house by Joey Caperton.
-- Golder Associates signed a new 9,034 square foot lease at Interstate
Center. Golder was represented by Joel Oppenheim and John Snow of The
Oppenheim Group. Brandywine was represented in-house by Rick Miller.
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
