Brandywine Realty Trust is proposing to develop two industrial buildings off of Roosevelt Boulevard in Northeast Philadelphia in a move that veers from its focus on developing and owning trophy office buildings.
The Philadelphia real estate investment trust wants to build a 338,208-square-foot structure and a companion 330,700-square-foot structure at 15000 Roosevelt Blvd. on 50 acres zoned as a Keystone Opportunity Zone, according to documents filed with Philadelphia. A KOZ provides breaks on certain state and local taxes for tenants who would move into the buildings.
Plans involve parking for 559 vehicles. The complex would be called the Byberry North Business Center.
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