Brandywine Realty Trust agrees to sell 3151 Market Street property in Philadelphia for $240 million
BDN•Closing terms and expected proceeds
The deal is scheduled to close Sept. 30, 2026. Proceeds are expected to be about $168 million after repaying a $57.3 million mortgage.
The buyer posted a $5 million earnest-money deposit in escrow.
Brandywine agrees to sell Philadelphia property stake
Brandywine Realty Trust agreed to sell its stake in 3151 Market Street, a 441,000-square-foot Philadelphia property, for $240 million.
Pricing implies $544 per square foot; the building is 4% leased.
