Brandywine completes $240.0 million sale of 3151 Market Street office building in Philadelphia
Brandywine Realty Trust completed the sale of its interest in a 441,000 square foot Philadelphia office building at 3151 Market Street on September 30, 2026, for a sales price of $240.0 million and net proceeds of approximately $233.7 million. The company repaid $60.2 million, including retirement of a $57.3 million C-PACE loan that encumbered the property. Pro forma filings show a 2025 net loss per share of $1.17 versus $1.03 as reported, and a six-month 2026 loss per share of $0.43 versus $0.46, though the company says actual charges may differ materially.
Key points
- Sales price of $240.0 million and net proceeds of approximately $233.7 million, completed September 30, 2026
- $60.2 million repaid, including retirement of the $57.3 million C-PACE loan encumbering the property
- Pro forma basic loss per share for 2025 was $1.17 versus $1.03 reported; for the six months ended June 30, 2026, it was $0.43 versus $0.46 reported
- Pro forma adjustments include a $23.6 million provision for impairment and $6.3 million loss on early extinguishment of debt, which may differ from actual amounts
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.