Brandywine Acquires Land for $3.5B Schuylkill Yards Development

Philadelphia-based Brandywine Realty Trust is moving ahead with plans to develop the $3.5-billion Schuylkill Yards project in West Philadelphia. The company is acquiring controlling interests in two acres of land in University City for more than $45 million, where it envisions initiating the first phase of construction.

Brandywine paid $24.6 million for a 99-year lease of a one-acre site at 3001 and 3003 John F. Kennedy Blvd. It also plans to acquire another long-term lease on an adjacent one-acre parcel at 3025 John F. Kennedy Blvd. for $20.5 million later this summer.

Design work will now commence, though construction of the planned 700,000-square-foot tower will be held off until pre-lease commitments are secured. The building is envisioned to house offices in half of the space, and residential or life science labs in the balance. The 14-acre Schuylkill Yards project is planned to eventually have eight million square feet of development.

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Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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