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
PIDC, Philadelphia’s public-private economic development corporation, announced that The Navy Yard experienced another tremendous year of growth in 2015, adding 12 new businesses and over 500 additional employees, bringing the total counts to 152 companies and 12,000 workers. Read more
Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, announced it has entered into an agreement to acquire substantially all The Vetri Family group of restaurants including award winning Pizzeria Vetri, and Lo Spiedo, located at Building 500 at The Navy Yard. (update: the agreement has been completed) Read more
Adaptimmune Therapeutics plc. (“Adaptimmune” or the “Company”), a clinical stage biopharmaceutical company focused on the use of T-cell therapy to treat cancer, today announced plans to locate its U.S. headquarters and clinical operations in a newly developed facility to be constructed at The Navy Yard in Philadelphia. The 47,400 square foot facility, located at 351 Rouse Boulevard in The Navy Yard’s Corporate Center, will house a state-of-the-art cGMP manufacturing facility designed to support the clinical development and initial commercialization of the Company’s novel engineered immunotherapies for cancer. Read more
Axalta Coating Systems, a leading global supplier of liquid and powder coatings, announced today that its new Global Innovation Center will be located at The Navy Yard in Philadelphia. The 175,000 square foot facility will be home to Axalta’s global research, product development, and technology initiatives and partner with the Company’s other technology centers in the Americas, Europe and Asia-Pacific.
Liberty Property Trust, which owns and manages more than 17 million square feet of office, flex and industrial space in the Greater Philadelphia region, together with its joint venture partner Synterra Partners, broke ground today on a 94,000 square foot office building, the first in Philadelphia to be designed by the world-renowned Bjarke Ingels Group. The event also featured a ribbon cutting ceremony officially opening the adjacent five-acre park, Central Green, developed in a joint investment by Liberty Property/Synterra, PIDC and the Commonwealth of Pennsylvania. Central Green was designed by James Corner Field Operations, landscape architect whose notable projects include Philadelphia’s Race Street Pier and New York City’s High Line. Read more
Liberty Property Trust, which owns and manages more than 16 million square feet of office, flex and industrial space in the Greater Philadelphia region, broke ground today on its sixth flex building at The Navy Yard. When the building located at 4701 League Island Boulevard is complete in 2016, it will be the third facility to be occupied by WuXi AppTec, Inc. at The Navy Yard. Read more
Mayor Michael A. Nutter announced today (January 23, 2014) that Australian energy efficiency firm Ecosave, Inc. has chosen the Philadelphia Navy Yard as the location for its U.S. headquarters. This move further cements Philadelphia’s position as America’s energy efficiency hub. The City of Philadelphia worked closely with a number of partners including the Commonwealth of Pennsylvania, Select Greater Philadelphia, and the Philadelphia Industrial Development Corporation (PIDC) to make the case that Philadelphia is the best location for an international energy efficiency firm looking to enter the U.S. market. This move is expected to create 125 jobs over the next three years.
Liberty Property Trust/Synterra Partners announced that it will develop a four-story, 80,050 square foot, Class A office building at 201 Rouse Boulevard in The Navy Yard Corporate Center for Franklin Square Capital Partners.