May 29, 2009 (FinancialWire) — Brandywine Realty Trust (NYSE: BDN) said that the underwriters of its recent public offering of 35 million common shares have exercised their over-allotment option in full to purchase an additional 5.25 million common shares from the company at $6.30 per share for net proceeds of around $31.7 million.

Merrill Lynch & Co. (NYSE: MER), J.P.Morgan (NYSE: JPM) and Citi (NYSE: C) are acting as the joint book-running managers.

Combined with the earlier purchase, Brandywine will sell a total of 40.25 million shares for aggregate net proceeds of around $242.5 million. The offering is expected to close on or about June 2.

Radnor, Pennsylvania-based Brandywine Realty Trust is organized as a real estate investment trust and owns, develops and manages a primarily class A, suburban and urban office portfolio aggregating around 37.3 million square feet, including 26.1 million square feet which it currently owns on a consolidated basis.

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