Corporate move solidifies Brandywine’s Investment and Commitment to the growth of Philadelphia
Brandywine Realty Trust (Brandywine) announced today plans to relocate its Radnor, PA headquarters to the new, Brandywine-owned, developed, and managed, FMC Tower at Cira Centre South in University City.
With properties—most notably, Cira Centre, the FMC Tower and evo at Cira Centre South, the new IRS Philadelphia Campus, and the pending Schuylkill Yards project, Brandywine has worked with other key University City stakeholders to help positon University City as a hub of technology, research and innovation. The re-location of the company’s corporate headquarters to Cira Centre South signifies Brandywine’s commitment to Philadelphia and belief in the future of the burgeoning University City and West Philadelphia neighborhoods.
“Brandywine shares the enthusiasm of our local customers in the exciting future of Philadelphia,” said Jerry Sweeney, President and CEO of Brandywine Realty Trust. “Relocating Brandywine’s headquarters to FMC Tower at Cira Centre South emphasizes our commitment to the West Philadelphia neighborhoods and University City, and reflects the importance of Philadelphia as our largest market.”
“Brandywine Realty Trust has long been a key partner in Philadelphia’s growth and economic development through its properties and investments in our communities,” said Mayor Jim Kenney. “The decision to move its headquarters to Philadelphia is yet another clear demonstration of Brandywine’s commitment to our city and furthers the momentum that Philadelphia is experiencing in attracting businesses and talent. We are thrilled to welcome the Brandywine headquarters to University City, and look forward to positive the impact their presence will have on this thriving neighborhood.”
Brandywine Realty Trust will join other major companies who have chosen FMC Tower, including FMC Corporation, University of Pennsylvania, NASDAQ, Spark Therapeutics, Lutron Electronics, Iron Stone Strategic Capital Partners, Freedom Pay, myCIO, Pareto Captive Services, and 1315 Capital LLC, SSCP Management and E-House China.
The influx of major corporations to Brandywine’s forward-thinking vertical neighborhood development, brings thousands of new workers to the area further stimulating West Philadelphia’s economy and fueling new growth. A catalyst for future innovation, the place-making at Cira Centre South is designed to cater to the next-generation paradigm of “live, work, learn and play.” Employers are continuing to prioritize the integration of lifestyle-driven amenities, services and solutions into the workplace culture to elevate employee happiness and work-life balance.
The groundbreaking mixed-use development features AKA University City, an exclusive collection of 268 luxury hotel and apartment residences situated on the top 18 floors of the tower; Level 28, a 25,000-square foot, full-floor dedicated lifestyle club offering amenities unlike anything the region has seen before; and Walnut Street Café, and all-day restaurant from the Michelin-star restaurant team behind New York’s Rebelle and Pearl & Ash. Bright, bold and inspiring office and conference spaces make for a productive work environment, while Cira Green, a one-acre park situated 90-feet above street level, offers communal outdoor space featuring events and programming. This notion directly feeds into Brandywine’s belief that effective place-making and neighborhood connections create in the ideal lifestyle balance for its employees.
“Brandywine values our employees and understands that a work and life balance is imperative for living a healthy, well rounded life,” continued Sweeney. “By moving into the City of Philadelphia, and specifically the FMC Tower at Cira Centre South, we are making our headquarters more accessible, and encouraging our employees to take advantage of the wealth of amenities that Cira Centre South and the City of Philadelphia offer.”
While marketplace trends point to urban properties, Brandywine understands the need for quality developments its targeted town center markets. Brandywine’s Pennsylvania Suburban Operations will remain in Radnor as a satellite office, which will house suburban-based employees. The space will also feature hoteling workstations that will allow for flexible scheduling options for corporate employees relocating to the city. Brandywine will also maintain onsite property leasing offices at Logan Square, Commerce Square and Cira Centre.
About Brandywine Realty Trust: Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), Brandywine Realty Trust owns, develops, leases and manages an urban, town center and transit-oriented portfolio. Brandywine Realty Trust’s deep commitment to their communities was recognized by NAIOP naming Brandywine the 2014 Developer of the Year — the highest honor in the commercial real estate industry.
