Tax breaks help, but BlackRock still in talks: Sweeney

   Brandywine Realty Trust CEO Gerard Sweeney in his quarterly investor conference call today:
  "BlackRock is looking for a new location to house between 1,000 and 1,500 employees, which would translate to between 500,000 and 600,000 square feet...That prcess is progressing pretty quickly...
  "Blackrock, who is a current tenant at Cira One, identified Cira as a short-list location...The recent extension of the (Keystone Opportunity Improvement Zone tax) benefits through 2025 put Philadelphia and Pennsylvania in a very competitive position.
  "We are in discussions with BlackRock, but this is clearly a type of climate that both parties are mindful of the need for solid economics in the deal, a clearly-identified financial structure, and flexibility against any future near-term cost fluctuations.
  "So all these issues are really front and center in our discussions with BlackRock. In the meantime I think BlackRock continues to fully review their different locational alternatives. And I do think the situation will clarify in the next quarter or two."

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