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Brandywine Executes 195,000SF DC Lease with Time Warner
www.commercialpropertynews.com | Jul 23, 2008
Commercial Real Estate Development - CPN sorts commercial real estate news by business specialties. Everything from commercial invesment properties, to commercial real estate development is separated for easy access.
Inman Real Estate News - Brandywine secures Pennsylvania tenants
The Lippincott, Williams & Wilkins Division of Wolters Kluwer Health Inc. signed a new lease agreement for 53,566 square feet of space at 323 Norristown Road at Springhouse Corporate Center in Ambler.
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Bill Redd Named Senior Vice President - Zibb.com
RADNOR, PA, Aug 14, 2008 (MARKET WIRE via COMTEX) --
Brandywine Realty Trust (NYSE: BDN) announced today that William D. Redd has been promoted to the position of Senior Vice President and Managing Director for our Richmond, Virginia region.
Mr. Redd, most recently a Vice President and Managing Director of Brandywine, first became an officer when he joined Brandywine in 1999 from Childress Klein Properties, a privately held real estate firm, where he was a partner. Prior to that, he worked for the Trammell Crow Company.
"Bill has done an excellent job running our Richmond operations," stated Gerard H. Sweeney, President and Chief Executive Officer of Brandywine Realty Trust, "and understands that the keys to our success are building outstanding relationships, maintaining a keen focus on market conditions, and providing effective leadership. We are proud to have Bill as a member of our senior team, and to recognize his accomplishments with this well-deserved promotion."
Mr. Redd holds a law degree from the University of Virginia. He has served on the Board of Directors for the Children's Museum of Richmond, Richmond Real Estate Group and Greater Richmond Association of Commercial Real Estate. He holds a Virginia Real Estate license.
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 and manages a primarily Class A, suburban and urban office portfolio aggregating approximately 40 million square feet, including 29 million square feet which it owns on a consolidated basis. For more information, visit our website at 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.
Investor/Press Contact: Marge Boccuti Manager, Investor Relations Brandywine Realty Trust 610-832-7702 marge.boccuti@bdnreit.com Company Contact: Howard M. Sipzner EVP & CFO Brandywine Realty Trust 610-832-4907 howard.sipzner@bdnreit.com
SOURCE: Brandywine Realty Trust
mailto:marge.boccuti@bdnreit.com mailto:howard.sipzner@bdnreit.com
Tags: acquisition ceo commercial construction debt equity investment law local market museum nyse president real estate securities virginia
Companies: Brandywine Realty Trust (BDN), Trammell Crow Co. (TCC)
Brandywine Realty Trust Sets Second Quarter 2008 Earnings Release and Conference Call - Zibb.com
RADNOR, PA, Jun 13, 2008 (MARKET WIRE via COMTEX) --
Brandywine Realty Trust (NYSE: BDN) announced today that it will release its second quarter earnings after the market close on Wednesday, July 30, 2008, and will hold its second quarter conference call on Thursday, July 31, 2008, at 11:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-800-683-1525 and providing conference ID: 52019041. Beginning two hours after the conference call, a taped replay of the call can be accessed through Thursday, August 14, 2008, by calling 1-800-642-1687 and entering access code 52019041. In addition, the conference call can be accessed via a web cast located on our website at www.brandywinerealty.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 and manages a primarily Class A, suburban and urban office portfolio aggregating approximately 41 million square feet, including 29 million square feet which it currently owns on a consolidated basis. For more information, visit our website at 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.
Investor/Press Contact: Marge Boccuti Manager, Investor Relations Brandywine Realty Trust 610-832-7702 marge.boccuti@bdnreit.com Company Contact: Howard M. Sipzner EVP & CFO Brandywine Realty Trust 610-832-4907 howard.sipzner@bdnreit.com
SOURCE: Brandywine Realty Trust
mailto:marge.boccuti@bdnreit.com mailto:howard.sipzner@bdnreit.com
Tags: acquisition conference construction debt earnings equity investment local nyse real estate securities web
Companies: Brandywine Realty Trust (BDN)
Brandywine Executes 195,000 Square Foot Lease With Time Warner Cable Inc. in Metro DC Office
RADNOR, PA, Jul 23, 2008 (MARKET WIRE via COMTEX) --
Brandywine Realty Trust (NYSE: BDN) announced today that it has executed a 10-year lease transaction with Time Warner Cable Inc. for 195,000 square feet in South Lake at Dulles Corner, a 268,240 square foot office building in Herndon, Virginia, a suburban office market in metropolitan Washington, DC. Time Warner Cable Inc. will relocate from several non-Brandywine locations in the Herndon area and will occupy the South Lake building between April and August of 2009. The Time Warner Cable lease brings South Lake at Dulles Corner to 73% leased and is one of the largest transactions ever completed in the Herndon market.
South Lake at Dulles Corner is a prominent, 10-story office building located at the intersection of the Dulles Access and Toll Road and Route 28 in Herndon, Virginia in the Dulles Corner office park. Overall, Brandywine owns six office buildings in the park totaling 1.1 million square feet, and has the ability to develop an additional 200,000 square foot office building.
"We are pleased that Time Warner Cable has recognized and validated the superior characteristics of South Lake at Dulles Corner," stated Robert Wiberg, Executive Vice President and Senior Managing Director of Brandywine Realty Trust. "We recognize that Time Warner Cable had other options and appreciate their endorsement and support of our project."
Time Warner Cable Inc. was represented by Meredith LaPier and Brad Davis of CBRE's Northern Virginia office. Brandywine was represented by Rob Faktorow, Terry Reiley, and Dan Falls also of CBRE, working in tandem with Janet Davis and Mike Cooper, both senior vice presidents at Brandywine.
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 and manages a primarily Class A, suburban and urban office portfolio aggregating approximately 40 million square feet, including 29 million square feet which it owns on a consolidated basis. For more information, visit our website at 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.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=803154
Investor/Press Contact: Marge Boccuti Manager, Investor Relations Brandywine Realty Trust 610-832-7702 marge.boccuti@bdnreit.com Company Contact: Howard M. Sipzner EVP & CFO Brandywine Realty Trust 610-832-4907 howard.sipzner@bdnreit.com
SOURCE: Brandywine Realty Trust
mailto:marge.boccuti@bdnreit.com mailto:howard.sipzner@bdnreit.com
Tags: acquisition construction debt district of columbia equity executive investment local market nyse president real estate securities virginia washington dc
Companies: Brandywine Realty Trust (BDN), Time Warner Cable Inc (TWC)
Brandywine Realty Trust (BDN) Corporate Event Announcement Notice - Zibb.com
Aug 01, 2008 (Wall Street Horizon via COMTEX) --
Brandywine Realty Trust (BDN)
Expected next earnings release: Announcement date: 10/30/2008 - Before Market Earnings Quarter: Q3 Announcement Status: Unconfirmed
Expected next investor conference call information: Conference Call Date: 7/31/2008 Conference Call Time: 11:00 AM Conference Call URL: http://www1.snl.com/irweblinkx/corporateprofile.aspx?iid=103209
Expected next dividend: Dividend Announcement Date: 6/18/2008 Dividend Record Date: 7/3/2008 Dividend Pay Date: 7/18/2008 Dividend Amount: 0.44
Tags: conference corporate dividend earnings market
Companies: Brandywine Realty Trust (BDN)
News from Zibb.com
- Bill Redd Named Senior Vice President - Zibb.com
- Brandywine Realty Trust Sets Second Quarter 2008 Earnings Release and Conference Call - Zibb.com
- Brandywine Executes 195,000 Square Foot Lease With Time Warner Cable Inc. in Metro DC Office
- Brandywine Realty Trust (BDN) Corporate Event Announcement Notice - Zibb.com
