Greenberg Traurig Advises Brandywine on Philadelphia Office Building Deal with Burlington Stores

Burlington plans to occupy the entire property as its new corporate headquarters, relocating from New Jersey.

Rhea-AI Summary

Greenberg Traurig represented Brandywine Realty Trust (NYSE: BDN) in the disposition of a Philadelphia office building to Burlington Stores (NYSE: BURL).

The 441,000-square-foot building at 3151 Market St., in Philadelphia's University City neighborhood, will serve as Burlington's new corporate headquarters. Burlington plans to occupy the entire building and relocate its headquarters from New Jersey, bringing an estimated 2,000 new jobs to Philadelphia over the next five years. Greenberg Traurig's legal team was led by shareholders Joshua D. Cohen and David B. Lipner, with support across practices and offices.

Positive

• Minor pointCompleted legal representation supported Brandywine's disposition of the 441,000-square-foot office building to Burlington.

Negative

• None.

Key Figures

Building size: 441,000 square feet Estimated new jobs: 2,000 jobs

Building size

441,000 square feet

Philadelphia office building disposition

Estimated new jobs

2,000 jobs

Philadelphia, over the next five years

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PHILADELPHIA, Oct. 14, 2026 /PRNewswire/ -- Global law firm Greenberg Traurig, LLP represented Brandywine Realty Trust (NYSE: BDN) in the disposition of a 441,000-square-foot office building in Philadelphia to Burlington Stores (NYSE: BURL).

Located at 3151 Market St. in Philadelphia's University City neighborhood, the building will serve as the new corporate headquarters for Burlington. The retailer plans to occupy the entire building and relocate its headquarters from New Jersey, bringing an estimated 2,000 new jobs to Philadelphia over the next five years.

The Greenberg Traurig deal team was led by Shareholders Joshua D. Cohen and David B. Lipner, with assistance from Associate Aska Fujimori-Smith and Paralegal Rebecca Jaegers. Complex components of the transaction required significant interdisciplinary support, with meaningful contributions across the Greenberg Traurig platform, including by Shareholders Michael A. Suleta and Timothy W. Donovan, Of Counsels Laura Bottaro Galier and Brian L. Gaudet, and Associate Laura Hendee Siman.

"We deeply appreciate and value our relationship with longtime client and close partner Brandywine and congratulate them on this significant achievement," PhiladelphiaReal Estate Practice Chair Cohen said. "We also applaud the Burlington team and our local and state officials, including Gov. Josh Shapiro and Mayor Cherelle Parker, for their leadership in this game-changing move for the city and the commonwealth."

"It was a privilege to work alongside Brandywine, whose strategic vision in Schuylkill Yards is transforming growth in our city," Lipner added. "As a Philadelphia real estate attorney, it's especially rewarding to work on a transaction that will have such a lasting impact on the city's future. Its successful execution reflects the strength of Greenberg Traurig's national platform. The Greenberg Traurig team included attorneys across practices and offices, enabling us to provide integrated counsel on every aspect of the transaction."

"Greenberg Traurig is a trusted and valued partner of Brandywine," Brandywine Senior Vice President, General Counsel, and Secretary Shawn Neuman said. "Their deal-oriented approach, sound judgment, and bench of attorneys with expertise spanning the spectrum of real estate matters have been instrumental to our achievement of transactional objectives."

About Greenberg Traurig: Greenberg Traurig, LLP has approximately 3,200 lawyers across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI "Best of the Best Recommended Law Firm" by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.

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SOURCE Greenberg Traurig, LLP

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What property did Greenberg Traurig advise Brandywine on selling to Burlington Stores?

Greenberg Traurig represented Brandywine in the disposition of the 441,000-square-foot office building at 3151 Market St. in Philadelphia's University City neighborhood to Burlington Stores.

What does Burlington Stores plan to do with the Philadelphia building acquired from Brandywine?

Burlington plans to occupy the entire building as its new corporate headquarters and relocate from New Jersey. The move is expected to bring an estimated 2,000 new jobs to Philadelphia over the next five years.