Mixed-use
Philadelphia-Area Tower Up for $78 Million
May 12, 2008
Source: Philadelphia Inquirer

A Philadelphia-area tower is up for sale to the tune of $78 million. Located in Conshohocken, about 15 miles from the Philadelphia city center, the Five Tower Bridge is eight stories tall and comprises 224,000 square feet.

Designed by Skidmore Owens, the tower's major tenants include Keystone Foods, Nationwide, BTG International, and Eli Lily. It was constructed by Oliver Tyrone Pulver Corporation in 2001and has been listed by Robert Fahey of CB Richard Ellis.

 
Recent Mixed-Use Headlines
Colonial Properties Sells M-F Asset for $58M
Oct. 03, 2008
Colonial Properties Trust has announced that it has completed the sale of Colonial Grand at Hunter’s Creek, a 496-unit apartment community located in Orlando, Fla. The asset went for $57.7 million in net proceeds, which represents a capitalization rate of 6.3 percent.
Bozzuto Finds $75M for Baltimore Mixed-Use Project
Oct. 02, 2008
The Bozzuto Group has secured a $75 million construction-financing package and begun work on The Fitzgerald at UB Midtown, a mixed-use community going up on 4.6 acres owned by the University of Baltimore in the heart of Baltimore’s cultural district.
Shanghai Mixed-Use Tower Breaks Ground
Sept. 29, 2008
Skidmore, Owings & Merill L.L.P. have announced the groundbreaking for the White Magnolia Plaza in Shanghai. Skidmore, Owings & Merrill and their partner in the project, Shanghai Jinjang North Bund Realty Co. began construction on Sept. 26, having just recently received authorization for the plans from the Shanghai City Planning Administrative Bureau.
Newly Created Hill Entity Buys 2.2 MSF Philly Mixed-Use Project
Sept. 26, 2008
Marlton, N.J.-based construction manager Hill International has created Hill International Real Estate Partners L.P., a real estate development services firm that will serve the commercial and hospitality industries across the Mid-Atlantic and Northeast. The newly formed entity has already made a grand move--the firm just acquired developer Walnut Street Capital's interests in the 2.2 million-square-foot American Commerce Center project in Philadelphia.
transbay Hines Proposes $235M for Transbay Tower Parcel in San Francisco
Sept. 25, 2008
Real estate firm Hines and equity partner MetLife Real Estate Investments have settled on terms with the Transbay Joint Powers Authority for an Exclusive Negotiations Agreement for Transbay Tower, a 1.6 million-square-foot office high-rise Hines plans to develop in San Francisco.
 

 

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By Judy Feldman, Contributing Correspondent -- Colonial Properties Trust has announced that it has completed the sale of Colonial Grand at Hunter's Creek, a 496-unit apartment community located in Orlando, Fla. The asset went for $57.7 million in net proceeds,...

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