Real Estate Journal — Pennsylvania — December 13 - 26, 2019 — 11A
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M id A tlantic
P ennsylvania Skidmore, Owings & Merrill designs 14-story, 260,000 s/f office tower AREP, Oliver Tyrone Pulver Corp. & Partners Group announce Conshohocken groundbreaking
ONSHOHOCKEN, PA — Amer i can Real Estate Part- ners (AREP) , Oliver Ty- rone Pulver Corporation (OTP) , and PartnersGroup , a global investment manager, announce the groundbreak- ing of Seven Tower Bridge, a 14-story, 260,000 s/f of- fice tower scheduled to open in November 2020 in Con- shohocken, the premier sub- urban hub in Philadelphia. The partnership has secured a lease with Hamilton Lane, a global private markets asset management firm, to occupy 130,000 s/f of Seven Tower Bridge beginning in 2021. "The Borough of Con- shohocken is pleased to celebrate the development of the latest Tower Bridge office building," said Col- leen Leonard , president of the Conshohocken Borough Council. "Our community has worked closely with develop- ers, businesses, and citizens to bring smart growth and great prosperity to our bor- ough. We welcome Hamilton Lane and its employees to our community." "This groundbreaking marks not only the next step in our partnership with Oliver Tyrone Pulver and Partners Group, but also another opportunity to further support the economic vitality of this region," said Doug Fleit , CEO of AREP. "Seven Tower Bridge captures the tenant demand for expan- sion and relocation attracting major financial and technology businesses to Conshohocken, one of Philadelphia's fastest growing suburbs." "Partners Group is excited about our partnership with AREP and Oliver Tyrone Pul- ver, and welcomes Hamilton Lane as the anchor tenant. This is a fantastic location that provides walkability, access to transit, and a variety of ame- nities, such as restaurants, shopping, and hotels for our tenants. The venture is an excellent representation of the partnerships and assets that we build in the US real estate market, and we look forward to developing these relation- ships going forward," said Ron Lamontagne , managing director, co-head of Private Real Estate Americas, Part- ners Group. The class A office tower de- signed by Skidmore, Owings &Merrill features a travertine marble lobby with floor-to- C
ceiling glass walls, riverview collaboration space, and an outdoor patio. Over four levels of underground parking, the first office floor is 50 feet above grade, offering unobstructed views and natural light. Other amenities include riverfront walking paths, a 30-mile bike trail, fitness center, bike room and two nearbyMarriott hotels. Construction financing is pro- vided by Mesa West Capital, LLC , a unit of Morgan Stanley Investment Management . "Seven Tower Bridge is an ideal location for Hamilton Lane's headquarters, as we
continue to grow our employee base and expand the size and scale of our business," said Kevin Lucey, COO of Ham- ilton Lane. "We are excited for our employees to benefit from the many advantages that Conshohocken and our new headquarters have to of- fer, including the convenient transit options, ease of walk- ability, diverse restaurant op- tions, and impressive building amenities." The building is projected for early 2021 tenant occupancy, and OTP will lease 4,000 s/f of space in the new building.
Seven Tower Bridge
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