Legend Realty & Adjmi Family Acquire Six Tower Bridge Office Building For $21M In Conshohocken

The Six Tower Bridge office building, located at 181 Washington Street in Conshohocken, Pennsylvania, has been sold for $21 million. The property encompasses a total of 116,000 square feet, resulting in a price per square foot of approximately $181. This transaction contributes to Brandywine Realty Trust's strategy to offload up to $300 million in non-core assets.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $21,000,000
• Buyer: Legend Realty & Adjmi family
• Seller: Brandywine Realty Trust
• Square Footage: 116,000
• Price per Square Foot: $181.03
• Market: Conshohocken, PA

A joint venture between Legend Realty and the Adjmi family has been formed for this acquisition. The seller, Brandywine Realty Trust, is actively engaged in a strategy to dispose of a significant portion of its portfolio of non-core assets, amounting up to $300 million.