Keystone Property Group Moves to New HQs in Conshohocken
- Mar 11, 2015
Keystone Property Group has left its crib in Bala Cynwyd and moved into a new headquarters building in Conshohocken, where the real estate developer already announced plans to create a transit-oriented project.
The company now occupies 15,000 square feet of space at 125 E. Elm St., a 42,580-square-foot building that Keystone purchased in December 2014. Keystone acquired the asset for $10 from the Department of Justice, according to information from real estate website PropertyShark. Formerly an industrial warehouse, the property was redeveloped by Shaffer Builders and reopened as Class A office space in 2008, according to a news report by MoreThanTheCurve.com.
A staff of 50 Keystone professionals moved into the building, which has been renamed SORA Conshohocken and represents the fourth commercial property owned and operated by the real estate developer in the Borough of Conshohocken.
Keystone is currently working on plans for SORA—formerly known as One Conshohocken— a dynamic mixed-use planned project that will redevelop four properties at the intersection of Fayette and Elm Streets into a transit-oriented community featuring a public plaza, restaurants, 20,000 to 30,000 square feet of retail space, a hotel with 200 guest rooms targeting business travelers, and a Class A, 300,000-square-foot office building. Additionally, the old firehouse at the corner of West Elm and Fayette Streets will be incorporated in the development as a brew pub and restaurant that will offer indoor-outdoor dining and event experiences. Designed by architecture and consulting firm Gensler, SORA will cost more than $200 million to build.
Images courtesy of Keystone Property Group