Six Tower Bridge office building on Conshohocken’s riverfront sold

 Six Tower Bridge, a 116,174-square-foot Class A office building at 161 Washington Street in Conshohocken, was recently sold by Brandywine Realty Trust to Six Tower Bridge, LLC, an entity associated with the New Jersey-based FDL Group and the New York-based Adjmi family’s A&H Acquisitions. The sale price was $21 million, according to Montgomery County property records.

The building sits on just under five acres along the riverfront and was developed in 1999 by the Oliver Tyrone Pulver Corp.

This is the partnership’s second acquisition in Conshohocken. In 2025, the pair acquired Eight Tower Bridge at 181 Washington Street. In 2024, they acquired the Plymouth Meeting Executive Campus in Plymouth Meeting.

www.omegare.com

Is Industrial Still CRE’s Darling? Tariffs, Reshoring, & Data Centers (Video)

www.omegare.com

AGING AMERICA: The real estate sector investors are TARGETING now (Video)

www.omegare.com

Can CRE Provide Investment Inflation Resistance? (Video)

www.omegare.com

What’s Really Happening in the Commercial Real Estate Market (Video)

www.omegare.com

Costco renews lease for southern New Jersey distribution space

By Sam Bixler CoStar Research

Costco Wholesale, the Washington-based membership warehouse retailer that ranks among the largest retail operators in the world, renewed its lease for 100,134 square feet of industrial space at LogistiCenter at Logan in Logan Township, New Jersey.

Dermody Properties owns the 365,760-square-foot distribution building at 2100 Center Square Road in Gloucester County. The building, which was built in 2008 and renovated in 2022, is located within LogistiCenter Logan, a 1,100-acre, master-planned business park containing over 5.5 million square feet of warehouse, distribution and manufacturing space and is located at Exit 10 of I-295 and Exit 2 of the New Jersey Turnpike.

Dermody, a privately owned logistics real estate firm based in Reno, Nevada, acquired the Logan Township site in 2005 and crafted the master-planned campus, which has since attracted users including Kimberly Clark Corp., Freightliner and Amazon, the latter of which signed a 1 million-square-foot lease at the park.

Costco Wholesale operates more than 870 warehouse stores worldwide. Costco has maintained a growing distribution footprint in New Jersey, where it also leases warehouse space in Newark.

www.omegare.com

GXO Logistics renews warehouse lease in central Pennsylvania

By Margaret Sutherland Costar

GXO Logistics, a global logistics firm that manages outsourced supply chains and provides warehousing and e-commerce fulfillment for major brands, renewed the lease for the 413,867-square-foot warehouse it occupies at 4406 Freight St., also known as Industrial Park Road in Camp Hill, Pennsylvania.

The 39-year-old industrial building is owned by HagerPacific Properties, a Newport Beach, California-based investor that specializes in acquiring and repositioning commercial real estate across the country.

Built in 1987, the facility sits within a well-established industrial corridor near Interstate 83 and the Pennsylvania Turnpike.

The Camp Hill facility is one of several distribution centers GXO operates across central Pennsylvania, with additional locations in Middletown, Mechanicsburg and Carlisle.

www.omegare.com