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Pharmaceutical giant's Philadelphia headquarters hits market in test of improving office values

PRP Real Assets lists Conshohocken, Pennsylvania, building as demand builds
The office property at 1 W. First Ave. in Conshohocken, Pennsylvania, was developed as a built-to-suit project for pharmaceutical distributor Cencora. (CoStar)
The office property at 1 W. First Ave. in Conshohocken, Pennsylvania, was developed as a built-to-suit project for pharmaceutical distributor Cencora. (CoStar)
CoStar News
February 12, 2026 | 10:25 P.M.

A Philadelphia-area office property anchored by a pharmaceutical giant was what drove PRP Real Assets to scoop it up. Now, the national investment firm is testing how far the market has come since the COVID-19 pandemic with its move to list the fully leased building for sale.

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News | Pharmaceutical giant's Philadelphia headquarters hits market in test of improving office values