Brandywine Realty Trust Executes 148,000 Square Foot Lease with VWR International,...
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Brandywine Realty Trust Executes 148,000 Square Foot Lease with VWR International, LLC in Radnor Corporate Center RADNOR, Pa., June 29 /PRNewswire-FirstCall/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has executed a 14-year lease transaction with VWR International, LLC for 148,000 square feet in One Radnor Corporate Center, a 201,980 square foot office building in Radnor, Pennsylvania. VWR International, LLC will occupy the Radnor property in stages beginning in February of 2010. Brandywine's Radnor portfolio consists of 10 buildings totaling approximately 1.7 million square feet. The VWR International lease will increase the occupancy in Brandywine's Radnor portfolio to approximately 90%. "We are excited to welcome such a strong and growing company like VWR to Radnor Corporate Center. VWR has been a tenant of ours for several years and we look forward to continuing this important relationship well into the future," stated Jeff DeVuono, Executive Vice President and Senior Managing Director of Brandywine Realty Trust. "We recognize that VWR had other options and appreciate their endorsement of Brandywine and the Radnor Corporate Center as a service provider for their real estate needs." VWR International was represented by David Binswanger and Scott Gabrielsen of Binswanger. Brandywine was represented by Richard McGuckin and Daniel Palazzo. VWR International, LLC, is a global laboratory supply and distribution company that enables the advancement of the world's most critical research through the distribution of a highly diversified product line to most of the world's top pharmaceutical and biotech companies, as well as industrial, educational and governmental organizations. More information on VWR may be obtained on their website at www.vwr.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 37.3 million square feet, including 26.1 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. SOURCE Brandywine Realty Trust Investor/Press Contact: Marge Boccuti, Manager, Investor Relations, +1-610-832-7702, marge.boccuti@bdnreit.com, or Company Contact: Howard M. Sipzner, EVP & CFO, +1-610-832-4907, howard.sipzner@bdnreit.com, both of Brandywine Realty Trust
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