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Press release from PR Newswire

Brandywine Realty Trust Announces First Quarter Leasing Activity

Monday, April 23, 2012

Brandywine Realty Trust Announces First Quarter Leasing Activity09:22 EDT Monday, April 23, 2012RADNOR, Pa., April 23, 2012 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has signed 740,168 square feet of new and renewal leases during the first quarter of 2012."First quarter leasing activity was in line with our business plan," stated Gerard H. Sweeney, President and Chief Executive Officer of Brandywine Realty Trust.  "This quarter's leasing, combined with previously announced activity, resulted in 982,000 square feet of lease commencements during the first quarter.  As a result of this activity level, our 2012 leasing plan is now 80% achieved." RegionSF Signed & Commenced During 1Q '12SF Signed in 1Q 2012 with Future Commencement DatesTotal SF Signed2Q 20123Q 20124Q 2012After 2012PA4,48636,705126,6266,11914,101188,037PHL CBD18,26791,45626,4357,87635,676179,710NJ/DE-6,137155,9158,2853,747174,084RCH34,01741,8456,0722,3167,50291,752DC21,17328,557-12,51526,05388,298Austin-14,706--1,68516,391CA-1,896---1,896Total77,943221,302315,04837,11188,764740,168 Lease TypeSF Signed & Commenced During 1Q '12SF Signed in 1Q 2012 with Future Commencement DatesTotal SF Signed2Q 20123Q 20124Q 2012After 2012New62,600100,452137,30916,1613,974320,496Renewal15,343120,850177,73920,95084,790419,672Our first quarter leasing activity includes the following transactions:Pennsylvania (188,037 SF)Accolade, Inc. renewed and relocated a 30,617 square foot lease and signed a 59,261 square foot expansion lease at 660 West Germantown Pike, Plymouth Meeting, PA Quintiq, Inc. renewed and relocated an 8,168 square foot lease and signed a 13,524 square foot expansion lease at 201 King of Prussia Road, Radnor, PA Right Management renewed and relocated a 6,097 square foot lease and signed a 4,193 square foot expansion lease at Freedom Business Center - 630, King of Prussia, PA NVR, Inc. signed a 10,120 square foot lease at 980 Harvest Drive, Blue Bell, PAPhiladelphia CBD (179,710 SF)Marsh USA, Inc. renewed a 49,109 square foot lease and relocated a 53,499 square foot lease at Three Logan Square, Philadelphia, PA CH2M Hill, Inc. renewed a 20,642 square foot lease at Three Logan Square, Philadelphia, PA Hudson Highland Group, Inc. renewed a 10,463 square foot lease at Three Logan Square, Philadelphia, PANew Jersey / Delaware (174,084 SF)Wells Fargo Advisors renewed a 15,018 square foot lease at Princeton Pike Corporate Center #1, Lawrenceville, NJ Philadelphia Insurance Company renewed a 12,955 square foot lease at Princeton Pike Corporate Center #4, Lawrenceville, NJ Gannett Fleming renewed a 12,458 square foot lease at Atrium I, Mount Laurel, NJ Altegra signed a 10,755 square foot lease at Atrium I, Mount Laurel, NJRichmond, Virginia (91,752 SF)An undisclosed tenant renewed a 17,380 square foot lease at Boulders VII, Richmond, VA TLK renewed a 7,502 square foot lease and signed a 2,985 square foot expansion lease at Gateway Centre Two, Richmond, VAMetro DC (88,298 SF)NTT America renewed and relocated a 22,079 square foot lease and signed a 3,974 square foot expansion lease at 13825 Sunrise Valley Drive, Dulles Corner, VA Guident Technologies renewed a 20,508 square foot lease at Presidents Plaza II, Herndon, VAAbout Brandywine Realty TrustBrandywine 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, leases and manages an urban, town center and suburban office portfolio comprising 306 properties and 34.6 million square feet, including 231 properties and 25.1 million square feet owned on a consolidated basis and 52 properties and 6.5 million square feet in 18 unconsolidated real estate ventures. For more information, please visit www.brandywinerealty.com. Forward-Looking StatementsCertain 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, including our Form 10-K for the year ended December 31, 2011.  The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. SOURCE Brandywine Realty TrustFor further information: Company / Investor Contact: Marge Boccuti, Manager, Investor Relations, +1-610-832-7702, marge.boccuti@bdnreit.com