-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Tsy4ieR7PJSBlNUHThycx/8aiX+0OfEeYGPFdQTJMY+G6+jctJGLRAOIf2rm2tcR paHJ8YOKfJJFv22HMFGBSQ== 0000950116-02-000973.txt : 20020508 0000950116-02-000973.hdr.sgml : 20020508 ACCESSION NUMBER: 0000950116-02-000973 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020508 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRANDYWINE REALTY TRUST CENTRAL INDEX KEY: 0000790816 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 232413352 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09106 FILM NUMBER: 02637613 BUSINESS ADDRESS: STREET 1: 14 CAMPUS BLVD STREET 2: STE 100 CITY: NEWTOWN SQUARE STATE: PA ZIP: 19073 BUSINESS PHONE: 6103255600 MAIL ADDRESS: STREET 1: TWO GREENTREE CENTRE STREET 2: SUITE 100 CITY: MARLTON STATE: NJ ZIP: 08053 FORMER COMPANY: FORMER CONFORMED NAME: LINPRO SPECIFIED PROPERTIES DATE OF NAME CHANGE: 19920703 8-K 1 eight-k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 8, 2002 BRANDYWINE REALTY TRUST ---------------------------------------------- (Exact name of issuer as specified in charter)
MARYLAND 1-9106 23-2413352 ---------------------------- ----------- --------------------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation or Organization) file number) Identification Number)
14 Campus Boulevard, Suite 100 Newtown Square, Pennsylvania 19073 ---------------------------------------- (Address of principal executive offices) (610) 325-5600 ---------------------------------------------------- (Registrant's telephone number, including area code) ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits. Exhibit Number Exhibit Title -------------------- ---------------- 99.1 Press Release dated May 8, 2002 ITEM 9. Regulation FD Disclosure. On May 8, 2002, Brandywine Realty Trust (the "Company") issued the press release attached as exhibit 99.1 to this Current Report on Form 8-K. The Company, acting through a subsidiary, has entered into a Ground Lease Option Agreement (the "Option Agreement") with the National Railroad Passenger Corporation ("Amtrak"). Under the terms of the Option Agreement, the Company acquired an option to enter into a participating Ground Lease with Amtrak for a parcel of approximately 30,000 square feet on the western portion of the existing parking deck at 30th and Arch Streets in Philadelphia, just north of Amtrak's 30th Street Station. If the Company exercises the option, it will have the right to build an office building on the parcel containing between 350,000 and 1,000,000 rentable square feet, with ancillary retail and parking space. The Company paid Amtrak $50,000 for the Option Agreement and has the right to extend the January 31, 2004 expiration date for an additional year upon the payment of an additional $100,000 to Amtrak. The Ground Lease would have an initial term of 75 years, with a minimum fixed rent that would depend upon the gross rentable square footage and with a variable rent in the nature of a cash flow participation. The Company is in the process of performing its due diligence and designing the building. The final form of the Ground Lease has not yet been completed. The parcel is located in a Keystone Opportunity Expansion Zone, which offers relief from certain state and local taxes for businesses which locate at the property. Signatures Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. BRANDYWINE REALTY TRUST Date: May 8, 2002 By: /s/ Gerard H. Sweeney ------------------------------------- Gerard H. Sweeney President and Chief Executive Officer EXHIBIT INDEX Exhibit No. Description - ----------- ------------------------------- 99.1 Press Release dated May 8, 2002 EX-99 3 ex99-1.txt EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACT: Maureen Garrity Michael Beckerman Tierney Communications Beckerman Public Relations 215.790.4408 908.781.6420 BRANDYWINE REALTY TRUST AWARDED DEVELOPMENT RIGHTS AT 30TH STREET STATION New Generation Office Complex Designed by Architect Cesar Pelli PHILADELPHIA, PA - MAY 8, 2002 - Brandywine Realty Trust today announced an agreement with Amtrak to develop a parcel of land adjacent to 30th Street Station. Plans include a 28-story, state-of-the-art office center with more than 500,000-square feet of first-class office, conference and retail space. The multi-use building, with a unique prismatic design, is the creation of world-renowned architect Cesar Pelli and Philadelphia architects Bower Lewis Thrower, and will extend the city's skyline west. The building location creates an outstanding connection between Philadelphia's traditional central business district and University City, home to the University of Pennsylvania and Drexel University. "This is an incredible opportunity. It enables us to work with one of the finest architectural firms in the world, on its first Philadelphia project, to bring a visually-spectacular office building to one of the fastest growing areas of the City and establish a new center of business and commerce in a key location," said Gerard H. Sweeney, President and Chief Executive Officer of Brandywine Realty Trust. Architect Cesar Pelli, best known for his design of the Petronas Towers in Kuala Lumpur, Malaysia, the World Financial Center in New York and Canary Wharf in London, said he considered the skyline and location, as well as the advancement of the City's center west, (-more-) Page 2 in designing this office building. The crystalline, faceted structure was designed with maximum reflectivity to capture the light of the sky and changing hues as the day turns to dusk. "This building will be the western anchor piece of the Philadelphia skyline," Pelli said. "It is a fresh, contemporary creation that will allow those who work and do business there to feel pride in being a part of the most beautiful building in the City." In addition to its beauty and creativity, the building was also designed with unique safety and security considerations. The office center will have fire-rated vestibules, wider stair towers, a reinforced foundation and additional security measures. The office center is planned to have 28 stories of premium office, conference and retail space and is Brandywine Realty Trust's first development effort in the City of Philadelphia after building a market-leading portfolio primarily in suburban Philadelphia and South Jersey. The company is marketing the building to both local companies and as a convenient location for companies who conduct business regularly between New York and Washington. Business travelers will find easy access to destinations up and down the Northeast Corridor via Amtrak or the network of interstate highways within close proximity of the complex. For local employees, the office's location offers a hassle-free commute for those who drive, take SEPTA's regional rail, bus, subway or LUCY shuttle. For shorter trips or meetings within the City, taxi cabs or rental cars are easily accessible at the train station. The office center will bring new business and new jobs to the City, as well as stimulate the local economy. Also attractive to businesses is the location of the building in a Keystone Opportunity Expansion Zone, which will allow Brandywine Realty Trust to offer tenants additional incentives to reduce their overall occupancy costs. (-more-) Page 3 "Brandywine Realty Trust has built its business on attentiveness and responsiveness to our tenants," Sweeney said. "This project is a marriage of attention to detail, amenities, economics and convenience that accommodate the fast-paced technological needs of businesses today." Brandywine Realty Trust, one of the Mid-Atlantic region's largest full-service real estate companies, is a completely integrated, real estate operating company organized as a real estate investment trust (REIT). Brandywine is engaged in the ownership, management, leasing, acquisition and development of primarily suburban office and industrial properties located in the Mid-Atlantic United States. With headquarters in Plymouth Meeting and regional offices in King of Prussia, PA, Mount Laurel, NJ and Richmond, VA, Brandywine Realty Trust owns, manages or has an ownership interest in 299 office and industrial properties, aggregating 20.3 million square feet. # # # Note: Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, achievements or transactions of the Company to be materially different from any future performance, achievements or transactions expressed or implied by such forward-looking statements, including the risks, uncertainties and other factors identified as risk factors in the Company's Annual Report on Form 10-K. -----END PRIVACY-ENHANCED MESSAGE-----