M&A
confidence high
sentiment positive
materiality 0.75
Brandywine Realty Trust agrees to sell 3151 Market St property for $240M
BRANDYWINE OPERATING PARTNERSHIP, L.P.
- Sale price $240M ($544/sq ft) for 441,000 sq ft Philadelphia property.
- Property is 4% leased; $57.3M mortgage to be repaid at closing.
- Net proceeds estimated at ~$168M; buyer paid $5M non-refundable deposit.
- Closing expected Sept 30, 2026, subject to customary conditions.