Greenberg Traurig's Strategic Partnership with Brandywine on Major Philadelphia Office Deal
Introduction
In a notable transaction marking a major shift in corporate real estate in Philadelphia, Greenberg Traurig, LLP, a prominent global law firm, represented Brandywine Realty Trust (NYSE: BDN) in the disposition of an impressive 441,000-square-foot office building. This property is located at 3151 Market St. in the University City area and will serve as the new headquarters for Burlington Stores (NYSE: BURL), which is relocating from New Jersey.
This move is expected to generate approximately 2,000 new jobs in Philadelphia over the next five years, significantly boosting the local economy and reaffirming the city's status as a prime location for major corporate operations.
The Deal Details
The transaction, which showcases the collective efforts of Greenberg Traurig's multidisciplinary teams, involved a complex array of legal, financial, and logistical components that necessitated a concerted approach. The deal team was spearheaded by Shareholders Joshua D. Cohen and David B. Lipner, while further support came from Associate Aska Fujimori-Smith and Paralegal Rebecca Jaegers. Their team worked diligently to navigate the complexities of the transaction, which required input from experts across various disciplines within the firm.
Additional contributions were made by Shareholders Michael A. Suleta and Timothy W. Donovan, Of Counsels Laura Bottaro Galier and Brian L. Gaudet, plus Associate Laura Hendee Siman. This collaborative effort exemplifies the strength of Greenberg Traurig’s extensive national platform, allowing for integrated counsel across all facets of the complex real estate transaction.
Impacts on Philadelphia
This development not only signals a significant milestone for Burlington but also for the city of Philadelphia. As highlighted by Cohen, the successful execution of this deal marks a transformative moment for both the firm and the city itself. The involvement of local leaders like Governor Josh Shapiro and Mayor Cherelle Parker in facilitating this transaction demonstrates a strong partnership aimed at driving economic growth in the region.
In this context, Lipner expressed his pride in assisting Brandywine, whose strategic vision at Schuylkill Yards is playing a crucial role in shaping the growth trajectory of Philadelphia. Lipner stressed that the transaction reflects Greenberg Traurig’s ability to deliver comprehensive legal services, emphasizing the collaborative spirit that characterizes the firm’s approach to real estate deals.
Client Recognition
The reaction from Brandywine has been overwhelmingly positive. Shawn Neuman, Senior Vice President, General Counsel, and Secretary of Brandywine, emphasized the trust and value of the ongoing relationship with Greenberg Traurig. He commended the firm's deal-oriented approach and the vast expertise their attorneys bring to the table, acknowledging that this support has been instrumental in achieving their transactional objectives.
About Greenberg Traurig
Greenberg Traurig, LLP boasts a robust presence with approximately 3,200 attorneys spread across 51 locations worldwide, including the United States, Europe, and Asia. The firm is well-known for delivering innovative legal services tailored to the unique needs of diverse industries.
Having received accolades as a **2025 BTI
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