Brandywine Realty Trust Completes Sale of One and Two Barton Skyway in Austin, TX Yielding Net Proceeds in Excess of $100 Million [Yahoo! Finance]
Brandywine Realty Trust (BDN)
Last brandywine realty trust earnings: 4/22 06:02 pm
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Source: Yahoo! Finance
This sale both strengthens our balance sheet and positions us to seize high-quality, strategic investment opportunities,” said Jerry Sweeney, President & CEO of Brandywine Realty Trust. “At the same time, we remain deeply committed to Austin, exemplified by our development of 405 Colorado and Uptown ATX, our 66-acre master-planned development that is a cornerstone of Austin's emerging second downtown.” The Barton Skyway office park, situated on 35 acres in Southwest Austin, comprises four office buildings. Following the recent sale of One and Two Barton Skyway, Brandywine retains ownership of Four Barton Skyway, which is currently 94% leased. This transaction marks another milestone in Brandywine Realty Trust's long-term strategy to maintain a strong liquidity profile as well as its portfolio strategy focusing on high-value opportunities in key markets. Austin is recognized as one of the nation's most vibrant and rapidly growing metropolitan areas, consistently ranking at the top
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News
- Brandywine Realty Trust Completes Sale of One and Two Barton Skyway in Austin, TX Yielding Net Proceeds in Excess of $100 MillionGlobeNewswire
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BDN
Earnings
- 10/22/24 - Miss
BDN
Analyst Actions
- 9/16/24 - Evercore ISI Group
BDN
Sec Filings
- 10/23/24 - Form 8-K
- BDN's page on the SEC website