HERNDON, VA—Brandywine Realty Trust, a REITbased in Radnor, PA, has been selected by NAIOP asthe 2014 Developer of the Year – the association'shighest honor. In some ways the choice, as it is every year, wasdifficult given the quality candidates that were nominated for theaward, NAIOP president and CEO Thomas Bisacquinotells GlobeSt.com. "It is a somewhat subjective decision," he says.On the other hand, though, "the choice was not that difficult atall. I think what impressed the committee the most about Brandywinewas its ability to adapt to changing market conditions."

|

The REIT had a hard audience to impress, he adds, as thecommittee is made up of developers from around the country. "Theseare people in the business and they know it inside out," Bisacquinosays.

|

Brandywine is currently working on more than $600 million in newdevelopment and construction projects. In recent years the REIT hasexpanded into transit-oriented locations as well as in themultifamily, student housing and retail sectors.

|

One project in particular that wowed the committee wasBrandywine's 2.7 million square foot Cira Centre South developmentand its 49-story FMC Tower at Cira Center South. "It's one ofBrandywine's many great projects," Bisacquino says.

|

The 2014 Developer of the Year award will be presented onTuesday, October 28, at NAIOP's Development '14: The Meeting forCommercial Real Estate in Denver, Colorado.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.