5 Tower peddled for $78M

Five Tower Bridge in Conshohocken is up for sale; asking price, $78 million, reports

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(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

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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.