Conshohocken office space: Seven Tower Bridge points to anchor tenant – Philadelphia Business Journal

Seven Town Bridge Associates is affiliated with development company Oliver Tyrone Pulver, which constructed the Tower Bridge office buildings in Conshohocken. Seven Tower Bridge is a $100 million, 14-story, 250,000-square-foot building on 2.3 acres at 110 Washington St. The project has 10 stories of office space atop a four-story parking garage.

The Philadelphia Business Journal published an article yesterday detailing the expansion of Oracle at 5 Tower Bridge in West Conshohocken and how the the landlord of the building had to break a lease to make space. Below are the first couple of paragraphs:

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The signature tower in Philadelphia’s skyline was 90 percent leased at the time of the sale and counts Cigna Corp. as its anchor tenant.The sale of the property was driven by Parkway’s desire to scale down its geographic footprint and concentrate on the Southeastern part of the United States.

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There’s finite space in Conshohocken, according to a broker with Cresa Partners. "There aren’t a lot of opportunities in Conshohocken at rents that people want to pay," said Matt Feeney, a broker with Cresa Partners, who represented a few tenants who needed to find a new office space.Even Cresa is affected by the situation since the firm is a tenant at One W.

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