Brandywine Realty Trust has acquired full ownership of 3025 John F. Kennedy Blvd. in University City after purchasing its joint venture partner’s remaining stake for $70.5 million. The deal gives Brandywine complete control of the 570,000-square-foot mixed-use tower.

The Philadelphia-based REIT previously held a 66% interest in the recently completed property, with a global institutional partner owning the remainder. Brandywine declined to disclose the name of its former partner but confirmed it also assumed its share of the property’s debt as part of the transaction.

Located just west of 30th Street Station, the 28-story tower includes 326 luxury apartments on the upper floors and 200,000 square feet of modern office space on levels two through eight, with a shared amenity floor on level nine. The total project cost reached $325 million, according to Brandywine.

The acquisition underscores Brandywine’s continued commitment to its Schuylkill Yards master plan, transforming the University City district into a vibrant live-work-play destination.