Monday, November 5, 2012

Brandywine Realty Trust is set to buy the Stock Exchange Building

Brandywine Realty Trust is set to buy the Stock Exchange building at 1900 Market St. in Center City Philadelphia, according to several people familiar with the matter.
The building is in receivership and was put up for sale over the summer.
The building would certainly enhance Brandywine’s downtown presence and inch it closer to becoming Center City’s largest landlord next to Commonwealth REIT.
But hat all depends on what and how properties get tallied.
The Stock Exchange totals 456,922 square feet. Brandywine has an interest in Commerce Square across the street; the lot at 1919 Market St. where it plans a mixed-use development; One, Two and Three Logan Square; and across the Schuylkill River at Cira Centre, Cira South and the old Post Office building.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.