Keystone Property Group, a developer of and investor in mixed-use properties, has rebranded to Keystone Development + Investment. As part of the rebranding, Keystone changed its web address to www.keystone.us. The company has moved its new headquarters to 1K1, Keystone’s 255,000-square-foot property that will house 50 employees in Conshohocken, Pennsylvania.
The new brand represents the next phase of the firm’s 30-year aspirational mindset and innovative approach to developing commercial real estate, and is best expressed through Keystone’s $325 million Sora West, the company said. Located in the Philadelphia area, the 520,000-square-foot multi-use project is 17 years in the making and connects a landmark historic firehouse with a new boutique hotel and the new global headquarters for AmerisourceBergen.
“We are invested in our partners, our properties, our tenants, and our communities. This investment drives everything we do,” said Keystone Founder/CEO Bill Glazer. “With a vision to expand our focus to larger scale, more complex projects, this rebranding is the next logical step in our evolution towards mixed-use developments that will serve generations to come.”
Additionally, earlier in the week Keystone closed on the sale of Westlakes, a four-building, 455,183-sqaure-foot office campus located in Berwyn, Pennsylvania for $135 million, or $297 a square foot. In 2016, Keystone completed a full renovation that included collaborative seating, modern outdoor spaces, walking paths, multiple dining options, fitness centers, and more.
Keystone has completed more than 50 development and redevelopment projects across eight states, and maintains $3.5 billion in assets, which include a pipeline of future development sites to be built out over the coming years. Keystone is a fully integrated real estate enterprise, performing all functions of development, management, operations, and investments.