PHILADELPHIA — Brandywine Realty Trust has completed the $252 million historic rehabilitation of the 30th Street Post Office in Philadelphia. Upon completion, the Internal Revenue Service took occupancy of the 862,692-square-foot building for a 20-year term. Concurrent with this project, Brandywine completed the $90 million construction of the Cira South Garage, which is located across the street. The project consists of 1,662 parking spaces and 9,788 square feet of ground-floor retail space. The project is on track for a LEED-Silver rating. As a result of the completion, Brandywine has received $256.5 million in financing from an affiliate of CTL Capital that had been escrowed pending completion of the two projects. The two loans carry a 5.93 percent interest rate and a 20-year term.
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