Brandywine Realty Trust has sold two Delaware office complexes.
Philly.com reported Brandywine sold Delaware Corporate Center on Concord Pike and Christiana Office Park, a multi-building complex south of Newark for a reported $51 million.
Buyer was Buccini/Pollin Group of Wilmington Buccini/Pollin has been in a buying mode in the area north of Wilmington, snapping up the Bellevue Park Corporate Center last year for a reported $60 million.
The Delaware Corporate Center is believed to be nearly fully occupied. However, the Commerce Drive site is less than 70 percent occupied after Computer Sciences Corp. vacated space.
The center houses AAA Mid Atlantic and other tenants. Earlier this month, it was announced that 3 Beaver Valley Road, near the northern end of Concord Pike was sold to an investor for $62 million.
That building houses Farmer Insurance and more recently the world headquarters of a Solenis, the former Ashland-Hercules water chemicals business. (See story on Solenis in this issue)
Demand for office space is strong, with the formerly empty, Applied Bank Center, the former Rollins Building on Concord, moving from zero to nearly full occupancy.
