Grubb & Ellis' Philadelphia office put the deal together,with Carl Neilson, vice president of the firm's investment group,and Anne Klein, vice president of the office group, handling it.The four-story building traded for the contract sale price of $19.6million, which factors out to just under $120 per sf. The sale alsoincludes a one-story, 5,400-sf restaurant pad.

Gerard H. Sweeney, president and CEO of Brandywine, terms theasset "a strong, value-added opportunity." The value-added aspectowes to the fact that the departure of its major tenant, MedQuist,will reduce the building's occupancy to about 58%. MedQuist isrelocating to another Brandywine property, 1000 Bishops Gate in Mt.Laurel, NJ.

Tenants remaining in the building include Wachovia Securities,Prudential Insurance, Nortel, Bank of America, Abbott Labs, RJReynolds and GMAC. Greentree V has also been the recipient of morethan $5 million worth of capital improvements to its buildingsystems in recent years.