The 40,373-square-foot office building at 125 East Elm Street in Conshohocken has been sold for $11,100,000, according to Montgomery County property records. The office building, which was branded SORA East, was owned by an entity associated with Keystone Development + Investment. It was sold to an entity associated with Patriot Financial Partners, a private equity firm focused on investing in community banks, thrifts, and financial services-related companies in the United States, which is currently based in Radnor.

According to sources, Patriot plans to utilize the building as its headquarters and will lease a limited amount of space. Patriot did not respond to an email seeking more details on their move to Conshohocken.

The building is located at the corner of East Elm and Harry streets, and is adjacent to the not-yet-opened The Garden by Pieri Winery.

More to come.

Photo – Google