RADNOR, Pa., July 26, 2011 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has executed a 146,321 square foot, 15-year lease with Janney Montgomery Scott LLC at Three Logan Square in Philadelphia, PA, and a 109,736 square foot, 10-year lease with ManTech International Corporation at 2251 Corporate Park Drive (Plaza Ridge I) in Herndon, VA. The execution of the Janney transaction brings Three Logan Square to 82.1% leased with occupancy scheduled to commence during the third quarter of 2012. Including two other existing leases in Pennsylvania and New Jersey, Janney now leases a total of 160,291 square feet from Brandywine. ManTech will occupy Plaza Ridge I in stages beginning in November 2011 as the existing tenant vacates the premises, thereby maintaining the current 100% occupancy.
Janney was represented by Tony Rossi of CBRE and Brandywine was represented internally by Steve Rush. Tracing its roots to 1832, Janney Montgomery Scott LLC provides comprehensive financial advice and service to individual, corporate and institutional investors. More information on Janney may be obtained on their website at www.janney.com.
ManTech International Corporation was represented by Louis G. Christopher of Cushman & Wakefield. Brandywine was represented internally by Janet Davis. ManTech is a leading provider of innovative technologies and solutions for mission-critical national security programs. Additional information on ManTech can be found at www.mantech.com.
About Brandywine Realty Trust
Brandywine 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, develops, manages and has ownership interests in a primarily Class A, suburban and urban office portfolio comprising 308 properties and 35.5 million square feet, including 235 properties and 25.7 million square feet owned on a consolidated basis and 50 properties and 6.1 million square feet in 16 unconsolidated real estate ventures. For more information, please visit www.brandywinerealty.com.
Forward-Looking Statements
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.
SOURCE Brandywine Realty Trust
