Radnor-based Brandywine Realty Trust has sold its 50
percent stake in its Parc at Plymouth residential-development venture with Toll
Bros. for $100.5 million.
The ownership interest was sold to Horsham-based luxury
home builder Toll and an unidentified "institutional partner,"
Brandywine chief executive Jerry Sweeney said in an email.
The Parc at Plymouth development, consisting of 398
high-end rental units, is located near the Pennsylvania Turnpike's junction
with Interstate 476 in Plymouth Meeting.
Source: Philly.com
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