Brandwine Realty Trust (NYSE: BDN) announced today that it has executed leases with Deltek Systems and CA, Inc. totaling 227,962 square feet at its office building at 2291 Wood Oak Drive in Herndon, VA. Deltek currently leases space in three Brandywine properties, but will relocate to 2291 Wood Oak Drive in order to accommodate the company’s growth. Under the new 10.75 year lease, Deltek will occupy 157,911 square feet in the fourth quarter of 2011. CA, Inc. has renewed a 10.5 year lease for 70,051 square feet in the same building. Together, these companies bring the 230,389 square foot office building to 99 percent leased.
“We are pleased to have completed these lease transactions and to continue our relationship with two such fine companies. This property’s efficient design and Toll Road exposure made it a good fit for the needs of both organizations,” stated Bob Wiberg, Executive Vice President and Senior Managing Director of Brandywine Realty Trust.
Deltek Systems was represented by Robb Johnson, Skip Orr and Jay Farmer of Jones Lang LaSalle. CA, Inc. was represented by Harry Klaff of Jones Lang LaSalle. Brandywine was represented in both transactions by Janet Davis and Jerry Kilkenny. Deltek Systems is a leading global provider of enterprise applications software and solutions designed specifically for project-focused businesses. For more information, visit www.deltek.com. CA, Inc. is an IT management software and solutions company. For additional information, visit www.ca.com.
About Brandywine Realty Trust
Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States. Organized as a real estate investment trust and operating in select markets, Brandywine owns, develops, manages and has ownership interests in a primarily Class A, suburban and urban office portfolio comprising 317 properties and 34.3 million square feet, including 238 properties and 25.9 million square feet owned on a consolidated basis and 49 properties and 4.6 million square feet in 15 unconsolidated real estate ventures. For more information, please visit www.brandywinerealty.com.
Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company’s ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Filed under: Real Estate
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