U.S. Department of Energy Selects The Navy Yard as a Location for Testing Micro-PMU Technology

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PIDC, Philadelphia’s public-private economic development corporation, announced today that The Navy Yard has been selected by the U.S. Department of Energy (DOE) as the site for a study on new technology for advanced electrical distribution and controls. The study will focus on how to make local electric distribution systems more reliable and create additional capabilities for the energy industry to deploy larger-scale renewable energy within local communities. This pilot program is the first of its kind on a functional microgrid. Read more

Liberty Property Trust Pre-Leases 26,000 Square Feet to PENN CAPITAL at 1200 Intrepid Ave

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Liberty Property Trust, which owns and manages more than 12 million square feet of office, flex and industrial space in the Greater Philadelphia region, today announced it has pre-leased 26,000 square feet of office space at 1200 Intrepid Avenue to Penn Capital Management Company, Inc. (PENN CAPITAL). This summer the existing Liberty tenant will relocate from Three Crescent Drive in The Navy Yard to its new, larger space, which overlooks a sustainable five-acre park, Central Green. Read more