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Article: Brandywine Realty Trust Sells New Jersey Properties For $85 Million.
- Article from:
- Investrend
- Article date:
- October 5, 2009
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Oct 05, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/10/05/brandywine-realty-trust-sells-new-jersey-properties-for-85-million/)
October 5, 2009 (FinancialWire) -- Brandywine Realty Trust (NYSE: BDN) said it has closed the sale of the two properties it owned in Trenton, New Jersey for $85 million. The buyer is an undisclosed, private investment group.
The properties total around 474,000 of net rentable square feet and were 96.5% occupied as of September 30, according to Brandywine.
Under the terms of the sale, $22.5 million of the $85.0 million due at the closing has been deferred by Brandywine ...