News
Philadelphia Office

Brandywine Finalizes Mass $398M Sale

Brandywine Realty Trust completed its sale of 58 office properties as part of its effort to leave various non-core markets, as the company focuses on urban areas and town centers. In a complicated deal, Brandywine wrapped up a series of interconnected transactions with Och Ziff Capital Management Group involving the $398M sale of those properties, which total 3.9M SF. The sale involved buildings in New Jersey, Pennsylvania and Virginia, the Philadelphia Business Journal reports. The portfolio is 91.4% occupied. [PBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

'Redefining Industry Standards': RCG's 3-Pronged Approach To Building Automation

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

King Of Prussia Pursues Stadium To Anchor $200M Mixed-Use Complex

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

Developer Lands Construction Loan For Bristol Industrial Project: The Philadelphia Deal Sheet

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner