Brandywine Realty Trust & LiquidSpace Partner to Service Philadelphia’s Growing Demand for Flexible Office Space
- News 2
Brandywine integrates LiquidSpace’s full technology platform across its Philadelphia & PA suburban portfolios
Philadelphia, PA – May 11, 2018 – Brandywine Realty Trust and LiquidSpace, today announced a strategic partnership to meet the growing demand for flexible office from startups and enterprises in Philadelphia and beyond.
This partnership will leverage the full LiquidSpace platform across Brandywine’s Philadelphia & PA Suburban portfolios, with the goal of invigorating the region’s underserved demand for flexible office space. The partnership will activate the following capabilities:
- LiquidSpace Asset Manager – gives tenants and brokers the power to discover, assess, and transact on Brandywine flexible office offerings, online, with a click.
- altSpace by LiquidSpace – enabling Brandywine to market and lease a turnkey office solution, combining world class design and furnishings with Brandywine’s premier office assets.
- Omni-channel distribution – syndicating Brandywine listings through the LiquidSpace network, and across multiple channels.
“The demand for optionality in the workplace is rising, and Philadelphia is rapidly becoming a centralized hub for startups and entrepreneurs, which further strengthens the need for flexible spaces,” said Jerry Sweeney, President & CEO of Brandywine Realty Trust. “We are investing in thoughtful solutions and technology to better address the needs of Philadelphia’s evolving workforce and serve as a catalyst for companies seeking to attract and retain talent. In partnering with LiquidSpace, we can offer a market-leading flexible office solution, both online and offline.”
Beyond the digital transaction flow and portfolio integration, Brandywine Realty Trust’s Cira Centre will be Philadelphia’s exclusive showroom location for altSpace, LiquidSpace’s turn-key office fit-out service. This capability will add value and marketability to warm shell spaces across the Brandywine portfolio, and offer an option to prospective tenants seeking an all-encompassing, fully-furnished workspace
The LiquidSpace team will also collaborate with Brandywine Realty Trust to identify select properties within its local portfolio where they could activate altSpace service for flexible-term tenants. Tenants benefit from the customized workplace design and shared space, without facing the cost or time premium of a traditional buildout, and gain a faster end-to-end process and delivery.
“This strategic partnership between LiquidSpace and Brandywine is the first of its kind in Philadelphia, merging the traditional real estate world with the burgeoning flexible office market.” says Mark Gilbreath, founder and CEO of LiquidSpace. “Incorporating the full LiquidSpace platform into Brandywine’s Philadelphia portfolio enables an office discovery and transaction process unlike any we’ve seen before. We can now equip Brandywine to serve the flexible office market directly.”
Founder of CRE Visions, and LiquidSpace consort William Luff Jr. has spearheaded this partnership from the beginning. Of this announcement he says, “this multi-dimensional approach to real estate is a radical move for LiquidSpace and Brandywine. These companies are changing how real estate firms and occupiers approach flexible office needs across the country. By doing so, they’re introducing a whole new way to discover and transact on real estate, starting in the Philadelphia area.”
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit www.brandywinerealty.com.
LiquidSpace is the largest, real-time network for office space where users seeking space connect to owners and operators with space to share. LiquidSpace streamlines the office discovery and leasing process, including a simplified legal framework. Investors and partners include: Greylock Partners, Floodgate Fund, Shasta Ventures, Roth Capital, GPT Group, Black Diamond Ventures, Lucas Venture Group, Steelcase, CBRE and Avison Young.
Brandywine Realty Trust
Cashman & Associates