Brandywine Realty Trust Announces Sale of Park 80 West in Saddle Brook, NJ.

Business Editors

SADDLE BROOK, N.J.--(BUSINESS WIRE)--March 27, 2002

Brandywine Realty Trust, (NYSE: BDN), announced today the sale of the Park 80 West office complex in Saddle Brook, New Jersey to Transwestern, acting on behalf of an Asian pension fund.

The sale price was $74.6 million. Stonebridge Advisors represented Transwestern, while Legg Mason represented Brandywine Realty Trust in this transaction.

Gerard H. Sweeney, President and CEO, Brandywine Realty Trust, commented, "The sale of Park 80 West is in keeping with our strategy of concentrating our interests in the Central and Southern New Jersey and Greater Philadelphia marketplaces. As the dominant landlord and developer in this region, we are able to capitalize on economies of scale and excellent synergies which are byproducts of our in-market consolidation program."

Brandywine acquired Park 80 West, a Class A office park consisting of two buildings totaling 464,000 square feet, in December of 1997. Upon Brandywine Realty Trust's acquisition of Park 80 West, the facilities underwent a significant repositioning and are now approximately 98% leased. Notable tenants at Park 80 West include New York Life Insurance, Unilever and Insignia/ESG.

Located in Bergen County, Park 80 West is strategically situated at the interchange of Route 80 and the Garden State Parkway. The complex features a structured parking deck and such on-site amenities as a fitness center, full-service bank with ATM, 5,000 square foot cafeteria, valet dry cleaner, copy center and convenience store. Other services include shoeshine service and car wash/detailing.

Brandywine Realty Trust, with headquarters in Newtown Square, PA and regional offices in King of Prussia, PA, Mt. Laurel, NJ and Richmond, VA is one of the Mid-Atlantic region's largest full service real estate companies. Brandywine owns, manages or has an ownership interest in 310 office and industrial properties, aggregating 21.2 million square feet.

For more information, visit Brandywine's website at www.brandywinerealty.com

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 results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.