The locally based mixed-use investment and development firm paidRadnor, PA-based Brandywine Realty Trust an estimated $71.46million or about $153 per sf for the 21-year-old property at 8144Walnut Hill Lane. Prescott president Jud Pankey couldn't be reachedby GlobeSt.com's publication deadline to learn the contract price.However, in a prepared statement Brandywine president and CEO JerrySweeney said Walnut Glen Tower and the 173,000-sf Bala Pointeoffice building in Bala Cynwyd, PA were under contract for a totalprice of about $98.1 million.

That number equates to about $153.94 per sf for the total637,269 sf in the two buildings. The Bala Pointe building's priceis estimated at $26.63 million. That deal is still pending,according to area brokers familiar with the property.

For Prescott, the acquisition of Walnut Glen Tower at this timedovetails with its redevelopment plans on owned property near theMockingbird rail stop, brokers familiar with firm's portfolio tellGlobeSt.com. Prescott also owns the nearby 6060 North Centraloffice complex. Walnut Glen tower is just west of DART's WalnutHill light rail station.