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American Real Estate Partners Picks Up Pennsylvania Property for $108M

American Real Estate Partners acquired Eight Tower Bridge, a 16-story, 346,659-square-foot office tower in Conshohocken, PA, from Barings for $108 million. The property has an associated seven-level, 1,200-space parking garage.

The asset features a diverse tenant roster anchored by Marsh & McLennan Companies, Allied Universal, Penn Mutual, AMG Funds and Airgas.

NKF’s Robert Griffin, Edward Maher, Matthew Pullen and James Tribble oversaw the transaction of the trophy asset, along with Michael Margolis, David Dolan, Dave Garonzik and Michael Maloney.

“Featuring efficient floor plates averaging 24,000 square feet, Eight Tower Bridge offers superior flexibility for a variety of single and multi-tenant layouts,” said Pullen.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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