Five Tower Bridge in Conshohocken is up for sale; asking price, $78 million, reports Real Estate Alert (limited listing for non-subscribers).
The 8-story, 224,000-sq ft, Skidmore Owings & Merrill-designed tower counts Keystone Foods ($32.50/sq ft, 2016 expiry), Nationwide ($33/2013), BTG International, and Eli Lilly among its tenants. It was finished in 2001 by Oliver Tyrone Pulver Corp. and a client of Cornerstone Real Estate Advisors. CB Richard Ellis's Robert Fahey has the listing, though he didn't return Phillydeals' calls, no doubt cause he suspects we're just testing the market, not looking to buy.
Besides its role as a broker, CBRE is one of the nation's big real estate investors, #15 on Private Equity Real Estate magazine's new list of the 30 biggest investors. Blackstone Group, with $20 billion, tops the list. Philadelphia's Lubert Adler, with almost $3 billion, is the lone local entry.
The 8-story, 224,000-sq ft, Skidmore Owings & Merrill-designed tower counts Keystone Foods ($32.50/sq ft, 2016 expiry), Nationwide ($33/2013), BTG International, and Eli Lilly among its tenants. It was finished in 2001 by Oliver Tyrone Pulver Corp. and a client of Cornerstone Real Estate Advisors. CB Richard Ellis's Robert Fahey has the listing, though he didn't return Phillydeals' calls, no doubt cause he suspects we're just testing the market, not looking to buy.
Besides its role as a broker, CBRE is one of the nation's big real estate investors, #15 on Private Equity Real Estate magazine's new list of the 30 biggest investors. Blackstone Group, with $20 billion, tops the list. Philadelphia's Lubert Adler, with almost $3 billion, is the lone local entry.
About Joseph N. DiStefano
- Bloomberg News
- New York Times Dealbook
- Washington Post Economy Watch
- U.S. propaganda
- Dealbreaker
- Edgar SEC Filings
- Emma Bond Filings
- ACG Philadelphia Deals and Dealmakers
- Seeking Alpha CEO call transcripts
- FCC Documents on Comcast-NBC Universal merger
- Jones Philadelphia Skyline Report
- Grubb Business Real Estate
- Studley Business Real Estate
- Plan Philly
- Penn Praxis
- Technically Philly
- Llenrock real estate blog
- Pennsylvania state budget
- New Jersey state budget
- Philadelphia city budgets
- Delaware 2010 budget
- U.S. budget
- Pennsylvania State Employees Retirement System
Blog Roll
- February
- January
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Archives
Get it now
Philly.com Promotions
- News | Sports | Business | What's Happening | Restaurants & Food | Entertainment | Living | Marketplace | Jobs
Site Services:
Classifieds:
Partners:
Local Services:
