Brandywine Realty (BDN) Trust announced the completion of two major sales within the joint venture portfolio: 4040 Wilson, a mixed-use development in Arlington, VA, and the Dabney and Brittons Hill portfolio in Richmond, VA. These transactions generated combined gross sales proceeds of $265.8 million, advancing Brandywine’s strategic goals to improve its competitive position, reduce term capital commitments and generate incremental liquidity for future investments. 4040 Wilson, located in Arlington’s Ballston submarket, sold for $190.5 million. The property has 405,000 square feet of office, retail and residential space, as well as 494 parking spaces. 4040 Wilson was 96% leased and 94% leased at time of sale. The Dabney and Brittons Hill portfolio, representing 14 industrial and flex buildings totaling 643,000 square feet, sold for $66.8 million, generating approximately $15.5 million in net proceeds to Brandywine for the its 50% share. In connection with the sale, Brandywine sold an 11-acre parcel that it operated under a long-term parking lease valued at $8.5 million. The assets were fully leased at closing. Together with the previously disclosed asset sales, the Company generated gross sales proceeds of approximately $310 million and $191 million of net cash proceeds. Proceeds from these transactions will further strengthen Brandywine’s balance sheet and support reinvestment in strategic initiatives that align with the company’s vision and market strategy.

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