Brandywine Realty Trust Announces Full Lease-Up at 250 Radnor with 119,000-Square-Foot Lease to Global Industrial Leader
16 November 2024 - 12:51AM
Brandywine Realty Trust (NYSE: BDN) today announced the execution
of a 119,000-square-foot lease with a global leader in industrial
solutions at 250 Radnor, bringing the building to 100% leased. This
milestone reinforces 250 Radnor's position as a premier life
science and office destination within one of the most dynamic
submarkets in the country.
250 Radnor, a 168,000-square-foot adaptive reuse
project, transformed an existing medical office building into a
state-of-the-art facility designed to fully accommodate lab
tenants. Current tenants include West Pharmaceutical, Quanta
Therapeutics, and Penn Medicine, reflecting the growing demand for
cutting-edge lab and research space in Radnor.
Situated within the Radnor Life Science Center,
a 26.6-acre mixed-use, transit-oriented campus, 250 Radnor
exemplifies Brandywine Realty Trust's commitment to sustainable and
innovative development. The Radnor Life Science Center features
world-class amenities, including gardens, trails, 250 newly planted
trees, wildflower meadows, two courtyards, and a pavilion,
seamlessly integrated into the natural environment. Additionally,
the campus is home to Penn Medicine's state-of-the-art medical
facility and 155 Radnor, which serves as Arkema's North American
headquarters.
Recent updates to the campus include the
completion of the 145,000-square-foot office building at 155
Radnor, which is fully leased to Arkema S.A., a global supplier of
specialty materials. The building is set to welcome employees this
fall, marking another significant step forward in the development
of Radnor Life Science Center.
"As we continue to establish Radnor Life Science
Center as a vibrant hub for innovation, the full lease-up of 250
Radnor represents a major achievement in our development leasing,"
said Jeff DeVuono, Executive Vice President, Life Sciences, at
Brandywine Realty Trust. "We are proud to deliver top-tier lab pace
in a thoughtfully designed, sustainable environment that supports
our tenants' missions and further demonstrates our progress in
diversifying our revenue through the establishment of innovation
hubs across our platform."
To learn more about Radnor Life Science Center
and Brandywine Realty Trust, visit www.brandywinerealty.com.
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 and Austin markets. Organized as a real estate
investment trust (REIT), we own, develop, lease and manage an
urban, town center and transit-oriented portfolio comprising 147
properties and 21.1 million square feet as of September 30, 2024.
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.
Company / Investor Contact:Tom WirthEVP &
CFO610-832-7434 tom.wirth@bdnreit.com
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