SOURCE: Brandywine Realty Trust

October 11, 2006 16:30 ET

Metroplex Corporate Center Steel Is Rising; Construction on Schedule

RADNOR, PA -- (MARKET WIRE) -- October 11, 2006 -- With steel rising at the Metroplex Corporate Center in Plymouth Meeting, Pennsylvania, Brandywine Realty Trust (NYSE: BDN) expects the center to be on schedule for occupancy by early second quarter 2007.

"We're excited to be offering a variety of Class A office space in a premiere location, and expect to deliver for occupancy by the second quarter of 2007," said Philip Schenkel, Brandywine Realty Trust vice president and managing director for the North Pennsylvania suburban region. "With suburban centralization as well as an efficient 30-minute commute to Center City and the Philadelphia Airport, Metroplex is ideally suited for businesses that need to attract and retain employees and clients in the Delaware Valley."

The master plan for the 23-acre site includes creation of three office buildings -- the five-story, 120,877 square foot One Metroplex, the 12-story, 336,000 square foot Two Metroplex, and a third 120,000 square foot office building, for which approvals are being sought.

Building facades will feature granite and glass designs by the award-winning architectural firm of Cope Linder Associates. Interiors will feature multi-story lobbies accented with granite flooring, and plaster walls incorporating a unique mesh screening system.

"Construction at Metroplex signals progress toward Plymouth Meeting's repositioning as a vital crossroad for commerce," said Schenkel. "We're leveraging the strength of being located at the junction of I-476 and the Pennsylvania Turnpike with our signature Brandywine tenant services to meet the needs of the area's most significant businesses."

The Metroplex site includes development of a park-like setting offering employee access to a county bike trail that connects Valley Forge, Willow Grove, and the adjoining retail center. New roadways and signalized intersections will offer easy access to the newly-revitalized Plymouth Meeting Mall, health clubs, day care centers, hotels, and a variety of restaurants. An efficient parking plan incorporates both surface and structured parking to deliver a ratio of 4.52 spaces per 1,000 square feet of rentable space.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN), with headquarters in Radnor, Pa., is one of the largest full-service, completely integrated real estate companies in the United States. Organized as a real estate investment trust (REIT), Brandywine owns, manages or has ownership interest in office and industrial properties aggregating 45 million square feet.

For more information, visit Brandywine's Web site at www.brandywinerealty.com.

Note: 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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