O wners , D evelopers & M anagers

Real Estate Journal — Section B


M id A tlantic

11-story, 429,122 s/f office tower designed by Gensler architects Keystone Property Group, AmerisourceBergen break ground on SORAWest in Conshohocken, PA C

company like Amerisource- Bergen, but a centerpiece for a wider, mixed-use development that can fuel a new sense of vibrancy and economic growth in the borough for decades to come. ” AmerisourceBergen will bring associates from two existing Pennsylvania loca- tions into the downtown Con- shohocken office tower, serving as its sole tenant. Occupancy is expected to begin in 2021. As part of the groundbreak- ing ceremony, the Ameri- sourceBergen Foundation, the nonprofit charitable giving arm of AmerisourceBergen, announced the launch of a hyper-local grant program that will provide funding to community-based organiza- tions within a five to ten-mile radius of the new headquar- ters. The foundation’s previ- ous local community partners include Simon’s Heart and Cradles to Crayons. 

HI-LIGHTS A pril 26 - M ay 9, 2019 Keystone officials were joined by executives of Am- erisourceBergen, which is relocating its global cor- porate headquarters to a 11-story, 429,122 s/f office tower that will serve as an anchor for the wider SORA ONSHOHOCKEN, PA — Key s t one Property Group , a real estate developer and investor of mixed-use and commercial properties, broke ground on SORA West, its mixed-use, transit-oriented development in Conshohock- en.

Keystone officials were joined by executives of AmerisourceBergen

West development. Designed by Gensler ar- chitects, the office tower is the first step in building the multi-faceted, transit-oriented development centered around a public plaza. The plaza will be framed by the 200- foot tower, a 165-key hotel with rooftop restaurant and

lounge, a 1,500+-space park- ing structure to support these facilities, and the existing 139-year-old Conshohocken Firehouse, which will be rec- reated as a gastropub with an indoor/outdoor experience. “This marks a momentous oc- casion for both the development of SORAWest and the borough

of Conshohocken, as we begin to realize the collective vision of borough leaders, the Mont- gomery County Redevelopment Authority, and Keystone,” said Keystone Property Group CEO Bill Glazer . “The tower that begins to rise today will serve not only as a headquarters for a globally recognized, innovative


Architects & Engineers 8-14B Contributing Columnist

AvalonBay to build upscale apartments at Foundry Row new building will include 437 residences

OWINGS MILLS, MD — Greenberg Gibbons and Vanguard announced that they have contracted with AvalonBay Communities Inc. , a multifamily housing developer, to build a new resi- dential component at Foundry Row. It will be known as Avalon Foundry Row and located on the southeast side of the center across from LA Fitness. The five-story structure will in- clude 437 upscale apartments with a wide array of amenities, including a state-of-the-art fit- ness center, clubroom lounge, co-working space, dog parks, and various courtyards with a swimming pool and grilling stations. Avalon Foundry Row will offer studio, one-, two-, and three-bedroom apart- ments. “We are thrilled to partner with a premier, multifamily developer like AvalonBay on this residential component,” said Brian Gibbons , Chair- man and CEO of Greenberg

Daniel Schuster, Planned Companies


Greysteel arranges sale of multifamily totaling $11.34M

latest chapter in modernizing Hunt Valley Towne Centre in northern Baltimore County. Initial plans for the parcel include further redevelop- ment of the former two-story Sears building and auto cen- ter located behind Wegmans. Michael’s and HomeGoods are now open on the first floor, while additional retail and entertainment uses will be Avalon Foundry Row rendering

targeted on the second floor. The partnership also intends to explore other development opportunities on the site. This redevelopment is the first phase of an overall $150 million transformation by Greenberg Gibbons of Hunt Valley Towne Centre that will feature new construction of first-class retail space, luxury apartments, office and hotel. 

Gibbons . “The apartments will add an entirely new di- mension to Foundry Row, making it a true mixed-use destination to live, work, shop and play.” In other news, Greenberg Gibbons and Seritage Growth Properties have formed a joint venture partnership to redevelop a 13.75-acre parcel into what will be part of the



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