Investment company closes on new AmerisourceBergen headquarters

PRP, a real estate investment management company, recently closed on its preferred equity investment in the new headquarters for AmerisourceBergen in Conshohocken.

AmerisourceBergen, a developer of pharmaceuticals and healthcare products, is consolidating two nearby office buildings and its current headquarters in Chesterbrook. Its new headquarters will be a 429,122-square-foot, 11-story office building in the SORA West project with two lower levels of parking.

Approximately 1,500 AmerisourceBergen associates will work from the office building, including a training facility, a community plaza, on-site dining services, and a fitness center.

SORA West is a mixed-use development located approximately 14 miles northwest of downtown Philadelphia. In addition to AmerisourceBergen, the complex will include Hotel West + Main, a 1,500-space parking garage, a repurposed 146-year-old historic firehouse once completed.

Conshohocken-based Keystone Property Group is the project’s developer.

“PRP’s investment underscores Keystone’s ability to envision the corporate headquarters of the future and create a workplace that meets the demands of a post-COVID world,” Bill Glazer, Keystone Property Group founder and CEO, said. “Our ability to partner with a top 10 Fortune-100 company and deliver on their expectations attracted an investment that sets the market not only for suburban Philadelphia but corporate centers throughout the country.”