DivestmentJul 10, 2026, 03:26 PM
Brandywine Realty Trust Sells Austin Office Building for $151M
AI Summary
Brandywine Realty Trust announced the completion of the disposition of a 206,000 square foot office building and its 520-space parking garage in Austin, Texas. The property was sold to an unaffiliated third party for a sales price of $151.0 million, resulting in net proceeds of approximately $146.1 million. The company also provided unaudited pro forma consolidated financial information reflecting the impact of this disposition.
Key Highlights
- Completed disposition of a 206,000 sq ft office building and parking garage.
- Sales price for the property was $151.0 million.
- Net proceeds from the disposition were approximately $146.1 million.
- The property is located in Austin, Texas.
- Pro forma gain on sale of the property was $37.978 million for 2025.
- Pro forma revenue reduction of $19.159 million for 2025 due to disposition.
Price Impact
More from BDN