Move Comes as Rare Big Block Space Becomes Available
CONSHOHOCKEN, PA, April 6, 2021 – Colliers is pleased to announce the selection of the team of John Susanin, Kyle Hilbert and Joe Nassib as exclusive leasing agents to the Millennium office campus of Conshohocken by ownership group Morgan Properties.
Renowned for its unique character, Millennium is a three-building, modern Class A creative office campus of over 196,769 square feet at the banks of the Schuylkill River in the steadily rising Conshohocken office submarket. The campus buildings Millennium I, II and III are already home to major regional firms such as Kynetic, Stifel Nicholous, and Cantor Fitzgerald.
“Walk out onto our promenade and you are led straight to the bucolic river trail. With direct access to the towpath, a short walk to Septa, and access to Conshohocken’s many restaurants, the location is ideal for the live, work, play concept. All these characteristics are what attracted a traditional residential owner/operator like Morgan to this property as the flagship for our expansion to the office market - and why we chose it for our own corporate headquarters.” stated Jon Nickel, Commercial Portfolio Manager for the Millennium campus with Morgan Properties.
“Now more than ever we look forward to reconnecting with colleagues in the physical space – in a safe way. Millennium is ideal to meet new era standards in safety and design with its walk-up access and open plan, accommodating ‘neighborhood’ concepts and maintaining private perimeter offices.” added Nickel.
The move comes at a rare moment of heightened opportunity on the campus. AmerisourceBergen’s planned 427,000-square-foot headquarters consolidation both deepens commitment to the Conshohocken area and validates Conshohocken’s status for corporate headquarters. It also creates a rare chance for big-block space in a tightly constrained submarket as 35,555 square feet of space becomes available at Millennium.
“With expansive glass lines, and high ceiling heights, the space coming available at Millennium offers a rare opportunity for a tenant to break out of the standard suburban office space mold and create a space that attracts and inspires employees all the while featuring the local amenities and access that tenants demand,” shared John Susanin, a Senior Vice President of the Colliers office division.
The campus will elevate its presence in the market with the launch of a new branding campaign this spring.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
About Morgan Properties
Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations. Morgan Properties and its affiliates currently own and manage a portfolio comprised of over 90,000 residential units within 357 apartment communities, 500,000 square feet of commercial space over 143 units, and 35 cell towers over 18 buildings. Located in 20 states, primarily in the Mid-Atlantic and the Northeast Region, the Company is the nation’s largest private multifamily owner and the second largest apartment owner in the country. Morgan Properties is the largest multifamily owner in Pennsylvania, Maryland, and New York. With over 2,500 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships and proven operational expertise.