After 30 years in Chesterbrook, AmerisourceBergen opens new headquarters in Conshohocken

Chubb Ltd. Offices for Philadelphia

AmerisourceBergen Corp. has moved into its new headquarters in Conshohocken and exited Chesterbrook, where it spent the last three decades growing into what is now a Fortune 500 company with $189.9 billion in revenue. 

The 11-story, 429,122-square-foot office building at 1 W. First Ave. is part of Keystone Property Group’s $325 million Sora West mixed-use development that also includes a hotel and the conversion of an historic fire house into two restaurants. 

At its new headquarters, AmerisourceBergen (NYSE: ABC) consolidated the corporate offices it had at 1300 and 1400 Morris Road in Chesterbrook that totaled 190,000 square feet and space in Conshohocken, where it occupied 105,000 square feet in one of the Millennium buildings. 

For all of the consternation the pandemic cast over the future of the office, several Philadelphia-area companies tossed those worries aside and, like AmerisourceBergen, forged ahead with opening or planning new headquarters in recent months. 

For example, Myonex, a clinical trial supply company, completed a $20 million, 65,000-square-foot building in the Keith Valley Business Center and has room to expand; Hamilton Lane moved into its new headquarters in Seven Tower Bridge in Conshohocken though it was a floor smaller than originally planned; Morgan Lewis has a new headquarters under development in Center City; and Rite Aid Corp. announced it would relocate its headquarters into 23,500 square feet at the Philadelphia Navy Yard from Camp Hill. 

*Article courtesy of The Philadelphia Business Journal

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