Brandywine Realty Trust has sold the three-building
Woodland Falls Corporate Park in Cherry Hill for $19 million.
The properties at 200, 210, and 220 Lake Drive East were
purchased by Crown Properties Inc. of New York, Brandywine chief executive
Jerry Sweeney said in an email on Thursday.
The buildings, containing an aggregate 215,465 square
feet, were 93.3 percent leased when the sale closed on March 30, Radnor-based
Brandywine said this week in a regulatory disclosure. Tenants at the site
include AXA Advisors-affiliate Oak Financial Partners LLC and M&T Bank
Corp.
Brandywine has been selling off properties seen as
non-core assets as part of its focus on big projects in city centers, such as
its work with Drexel University on the Schuylkill Yards master-planned
development in University City.
Source: Philly.com
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