The Philadelphia Business Journal reports that Five Tower Bridge, an office building in West Conshohocken, is for sale. This is the second major office building that has recently hit the market in West Conshy. The other building for sale is 300 Four Falls.
The report states:
Roughly three years after buying Five Tower Bridge for $73 million, the owner of the premier office tower in West Conshohocken, Pa., has decided to put the property up for sale.
Some in the commercial real estate industry believe the property could set a new sales record for suburban office buildings and trade somewhere in the neighborhood of $375 a square foot, according to estimates. If it does come in at or near that price, it will exceed a $360 a square foot record set late last year when Radnor Court sold.