August 3, 2021YahooFinance
Located in the "Best Philadelphia Suburb for Young Professionals," Seven Tower Bridge in Conshohocken is the region’s only Class A office tower completed since the pandemic began.
CONSHOHOCKEN, Pa., August 3, 2021--(BUSINESS WIRE)--Leading global private markets firm, Partners Group, and co-developers American Real Estate Partners (AREP) and Oliver Tyrone Pulver Corporation (OTP), have completed construction of the only new Class A office tower to deliver in the Philadelphia region since the start of the COVID-19 pandemic. Focused on wellness, productivity, innovation and quality, Seven Tower Bridge encompasses 260,000 square feet in an extraordinary Schuylkill riverfront location that transforms the post-pandemic workplace with flexible, healthy, and inspiring design.
"As America reimagines its office life, Seven Tower Bridge reinvents how the corporate workplace can drive performance and support wellness, innovation and inspiration," said Doug Fleit, Principal and CEO of AREP. "With best-in-class amenities and a stunning central location, this premier office destination affirms AREP’s pillars of accessibility, experiential environments and quality, beckoning the most successful companies to a workplace experience like no other."
Matt Bosquez, Lead Asset Manager, Private Real Estate, Partners Group, said: "The riverside location of Seven Tower Bridge is unique and inspiring, and the project itself is a true transformation of the waterfront in Conshohocken. The seamless access to the outdoors and public transportation make this a place that truly represents the modern office environment."
The Seven Tower Bridge development partnership successfully managed the building’s construction throughout the pandemic, enabling it to deliver not only a new trophy office property, but also provide all the elements of a healthy, flexible post-Covid workplace. With its completion, the building is on track to receive the WELL Health-Safety Rating, as well as LEED Silver and Fitwel certifications. The design incorporates key factors identified by the World Green Building Council and extensive scientific research that support health, satisfaction, and productivity—maximum natural light, scenic views, green space/biophilia, fresh air, walkable amenities, and effective climate control. The building also satisfies post-pandemic priorities by offering large, column-free floorplates supporting the design of flexible office spaces, and features spacious, Wi-Fi enabled indoor and outdoor common areas to facilitate socialization and collaboration in the new hybrid work environment.
"When we signed the lease in 2019, we knew this was the optimal choice for our new headquarters, based on its central location and accessibility, impressive amenities, and state-of-the-art quality," said Atul Varma, CFO of Hamilton Lane, the global private markets investment firm that is the building’s anchor tenant. "Hamilton Lane is committed to doing good for the environment and this building is an example of how we have actioned commitment to reality. Our employees are excited to return to the workplace in a beautiful and flexible new space, with a walkable neighborhood and riverfront views." Indeed, Hamilton Lane’s new offices, encompassing 130,000 SF on the top five floors of the 14-story office tower, represent the best new office space in the region.
Seven Tower Bridge is distinguished by its striking architectural design by Skidmore, Owings & Merrill (SOM), including nine-foot windows on office floors and a two-story formal lobby surrounded by glass walls and white Texas Shell limestone. Tenants also enjoy large conference and fitness centers, river view collaboration spaces, an outdoor patio and terrace, and four parking levels that lift the offices 40 feet above grade to provide expansive views from even the first office floor. Just outside the doors are the 40-mile Schuylkill River bike trail, riverfront walking paths, 40+ boutique dining destinations, and the new SEPTA regional rail station serving Center City. Seven Tower Bridge is also among the select buildings to achieve WiredScore Gold certification for future-ready, best-in-class, secure Internet connectivity and infrastructure.
"Seven Tower Bridge is a world class office tower where employees want to come to work and will perform their best," said Donald Pulver, President of OTP. "The building combines the three elements that attract and inspire top talent: the most accessible location, extensive amenities, and sophisticated, urban-quality design. This environment dramatically improves the recruitment, retention, and energy of star performers – the return on investment to tenants is staggering."
Conshohocken has been rated the "Best Philadelphia Suburb for Young Professionals" by Niche.com, based on its housing options, walkable restaurants, bars, coffee shops, parks, and top schools. Located just 15 miles from Center City at the intersection of I‐76 and I‐476, Seven Tower Bridge is a magnet for regional employers seeking centrally located headquarters with direct highway and rail access to a massive professional talent pool. Conshohocken’s gateway location also puts corporate leadership within easy reach of Philadelphia Main Line and Center City decision makers, and other major Northeast and Mid-Atlantic employment and commerce centers.
For more information about Seven Tower Bridge, visit www.seventowerbridge.com.
ABOUT AMERICAN REAL ESTATE PARTNERS
Headquartered in the Greater Washington metropolitan area, AREP is an institutional fund manager, and operating partner focused on office and mixed-use repositioning and development throughout the Greater Mid-Atlantic Region.
Since the company’s founding in 2003, AREP has deployed over $4.0B across targeted geographies, acquired more than 17M SQFT of class-A real estate, and currently oversees over 10M SQFT of assets. AREP's vertically integrated real estate platform provides best-in-class expertise in all ownership disciplines, from property management and building operations to investment strategy, market research, and acquisitions. By leveraging this expertise AREP remains at the leading edge of real estate innovation maximizing building performance to provide real value. For more, please visit: americanrepartners.com
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 145 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With over USD 109 billion in assets under management as of 31 December 2020, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
ABOUT OLIVER TYRONE PULVER CORPORATION
Oliver Tyrone Pulver Corporation (OTP), headquartered in Conshohocken, Pennsylvania, is a privately held commercial real estate development firm with a 50-year history of developing over 15 million square feet of premier office space in the cities and suburbs of Philadelphia, Pittsburgh, Cleveland, and Chicago. By selecting only the most desirable locations and developing the highest quality buildings, it has established a strong track record of successful projects providing highly desirable office space for tenants and high returns for partners. For more information, visit otpcorp.com.
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