SOURCE: Brandywine Realty Trust

November 08, 2006 16:30 ET

More Than 240,000 sq. ft. of Leases Reported in Third Quarter in Brandywine's Western PA Region

RADNOR, PA -- (MARKET WIRE) -- November 8, 2006 -- Brandywine Realty Trust (NYSE: BDN) has completed over 240,000 square feet of leases during the third quarter within its Western Pennsylvania region. Leasing activity was evenly distributed throughout the region.

"Approximately 70 percent of the activity came from new leases being signed within the region," said David Ryder, senior vice president of Brandywine's Western Pennsylvania region.

The largest new lease signed was 80,000 square feet at 1050 Westlakes Drive in Berwyn, PA. Other significant leases that were signed during the quarter were with Radnor Township for 22,969 square feet at 130 Radnor Chester Road, Buck Consultants for 9,271 square feet at 200 Berwyn Park, Health Benefits Direct for 7,414 square feet at 150 Radnor Chester Road, and Silicon Valley Bank for 7,054 square feet at 5 Radnor Corporate Center.

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

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.

Contact Information