Brandywine Realty Trust Secures $87.3M Refinance Loan From Nuveen Green Capital For 3151 Market Street

The property asset involved in the transaction is a 494,530-square-foot, 12-story lab and office building located at 3151 Market Street in Philadelphia, PA. The building was designed for flexibility, sustainability, and high-performance use, and represents an integral part of West Philadelphia's life sciences and mixed-use development hub.

Summary of transation details:

• Property Type: Life Sciences
• Transaction Amount: $87,300,000
• Lender: Michael Doty, Irwin Tejeda & Rasul Hafizov - Nuveen Green Capital
• Landlord: Brandywine Realty Trust
• Loan Type: Refinance
• Loan Terms: 27 years
• Date: 12/19/2025

This transaction marks the closure of a significant financing deal, being the largest C-PACE financing in Pennsylvania's history and the first for a publicly traded real estate investment trust (REIT) in recent history. The financing was administered through the Philadelphia Energy Authority, providing a recapitalization solution for Brandywine Realty Trust.