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Webb ofdst Realty Keystone Property Group inks lease with Brown & Brown at 125 East Elm St. in Conshohocken, PA C www.marejournal.com M id A tlantic Real Estate Journal — Pennsylvania — Section C ONSHOHOCKEN, PA — Ke y s t one Property Group , a
ant base at SORA East that includes Keystone itself, which relocated its headquarters to Conshohocken in February 2015. Keystone currently owns four commercial properties in Conshohocken, a burgeoning suburb of Philadelphia only a short drive or SEPTA ride from the city. “It’s become abundantly clear that Conshohocken provides a mix of urban vitality and accessibility to Philadelphia that is attractive to businesses throughout the region,” said Bill Glazer , president of Key- stone. “With SORA, we’re on the precipice of creating a truly special centerpiece in the Borough – a commercial and cultural nucleus that will harness the rising energy of Conshohocken by providing a central hub to work, stay, and
play.” Upon completion, SORA – formerly coined One Con- shohocken – will consist of over 350,000 s/f of class A of- fice space, structured parking, and a 220-room, hotel. In line with the Borough’s compre- hensive revitalization strategy for Conshohocken, the plan also includes a vibrant public plaza situated in the middle BLANDON, PA — Rich- ard King , treasurer and chief financial officer of Schlouch Incorporated was named CFO of The Year for companies with revenues over $25 million by Lehigh Valley Business, a leading business publication serving the Greater Lehigh Valley. The CFO of the Year awards honor the Greater
of the development, designed as a community event and gathering space as well as the repurposing and restoration of the 136-year-old Conshohocken Firehouse, as a brewpub with indoor/outdoor dining, retail and event experiences. Key- stone will also provide local residents, businesses, and visitors with additional parking spaces onsite. n Lehigh Valley’s financial ex- ecutives for the critical role they play in making their companies successful. King joined Schlouch In- corporated, site design and construction specialists in 1998 where he coordinates all aspects of accounting, finance, information technology and human resources. n
HI-LIGHTS November 13 - 26, 2015 Brown&Brown, a full service employee benefits and business insurance firm, adds to a ten- SPOTLIGHT 5-9C Premiere Available Properties Cushman & Wakefield | Grant Street announce ground breaking real estate developer, man- ager, and investor of mixed-use properties, today announced that Brown & Brown of Penn- sylvania, L.P. has signed a 16,846 s/f lease at 125 East Elm Street (known as SORA East) in Conshohocken. SORA, is part of a multifaceted, transit- oriented redevelopment ini- tiative located in the heart of Conshohocken.
King wins 2015 Cfo of The Year Award
125 East Elm Street
Mayock and Gillespie of SSH Real Estate arranges the sale of a 48,686 s/f building
Malvern, PA — SSH Real Estate has arranged the sale of Two Country View
Rd., a three- story office building in t h e G r e a t Valley Corpo- rate Center in Malvern. 2 CV Part- ners LP, a joint-venture partnership b e t w e e n Young Capi- tal and SSH Real Estate Investments acquired the 4 8 , 6 8 6 s / f building for $7.265 million
Dan Mayock
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NAI Mertz’s Lashner & Licht complete sale of Hatboro whse.
Adam Gillespie
or $149 psf. The building is currently 83% occupied with BB&T Bank and SunGard Business Systems as the an- chor tenants. Dan Mayock and Adam Gillespie of SSH Real Estate represented the seller. SSH Real Estate will be handling the leasing and prop- erty management and will be
Two Country View Rd.
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implementing an immediate capital plan. Brian Mears , a partner at SSH Real Estate, said, “We will be replacing the roof and completing other improvements, including up- grading the building lobby to retain tenants and increase
occupancy in a competitive market.” The building’s location on the Route 29 corridor was par- ticularly attractive to the buy- ers. “With the new turnpike interchange, many of the sites nearby are being developed
for housing, hotels, retail, and office. Acquiring Two Country View Rd. at an attractive basis presented a relatively low-risk way to participate in the mo- mentum of this market,” said Michael Young , president of Young Capital. n
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