News
Brandywine Finalizes Mass $398M Sale
February 10, 2016
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]
