Brandywine Realty Trust Announces Capital Transactions Totaling $103.3M And Signs First Commercial Lease At 3025 JFK Blvd In Schuylkill Yards
Portfolio Pulse from Happy Mohamed
Brandywine Realty Trust (BDN) has announced several capital transactions totaling $103.3M and signed its first commercial lease at 3025 JFK Blvd in Schuylkill Yards. The transactions include the sale of an office building in Austin, Texas for $53.3M and a $50M construction loan for a development project in Pennsylvania. The company has also signed a 12.5-year lease with global law firm Goodwin for a commercial space in Philadelphia.
September 07, 2023 | 8:47 pm
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Brandywine Realty Trust has announced capital transactions and a new lease, which could potentially increase its liquidity and credit availability.
The sale of the Austin property and the construction loan will provide Brandywine with additional liquidity. The lease with Goodwin could generate steady revenue over the next 12.5 years. These factors could potentially have a positive impact on BDN's stock price in the short term.
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