PHILADELPHIA, May 24, 2022 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today announces the commencement of a redevelopment project at 2340 Dulles Corner Boulevard in Herndon, Virginia in Metro DC, a 265,000 square foot office building that is currently vacant. The redevelopment is commencing with execution on an anchor lease from a leading telecommunications company for 221,000 square feet representing 85% of the property. The 11-year lease will commence upon tenant occupancy which is planned for Q2 2023.
Management Comments
“We are delighted to announce that we have signed an anchor lease with a leading telecommunications company at our 2340 Dulles Corner Property,” stated Gerard H. Sweeney, President, and Chief Executive Officer for Brandywine Realty Trust. “This redevelopment will bring an exceptional workplace experience to this growing company and is representative of forward-thinking companies’ investment in people, culture, and brand.”
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Austin and Washington, D.C. markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 168 properties and 23.1 million square feet as of March 31, 2022 which excludes assets held for sale. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit www.brandywinerealty.com.
