Brandywine Realty joint venture closes on $383M deal for IRS-leased building in University City

Brandywine Realty Trust has closed on a $383 million joint venture with two investors to purchase Cira Square, an 863,000-square-foot building in the University City neighborhood of Philadelphia that is leased to the Internal Revenue Service through 2030. 

Aside from Brandywine, the investors were not disclosed in Brandywine’s first quarter results late Wednesday but sources say one of them is MSD Partners, a New York firm that oversees investments for Michael S. Dell, the billionaire founder of computer giant Dell Corp., as well as other investors. 

*Article courtesy of Philadelphia Business Journal 

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