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News Breaks | | | | June 25, 2012 | | 18:43 EDT |  | BDN | Brandywine Realty sells California property for $29M
Brandywine Realty Trust announced that it has completed the sale of Pacific Ridge Corporate Center, a two building office property totaling 121,381 square feet located in Carlsbad, California for $29M or $239 per square foot on June 22. The property was 84% leased at the time of closing. The net sale proceeds of this sale, after customary pro-rations and closing costs, will be used by Brandywine for general corporate purposes. | |
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