Thursday, April 24, 2014

Liberty to break ground on new 75,000 square foot building at Navy Yard

Liberty Property Trust and Synterra Partners are scheduled to break ground this Friday on a new 75,000-square-foot building at the Navy Yard Commerce Center in Philadelphia.

The building at 4000 S. 26th St. is fully leased to three tenants. EcoSave, an Australian company, leased 20,000 square feet and Clinigen, based in the United Kingdom, leased roughly 10,000 square feet. Both will use the site as their respective U.S. headquarters. WuXi AppTec Inc. will expand by 45,000 square feet of the building, bringing its total space with Liberty in the Navy Yard to 130,000 square feet.

The structure is expected to be completed by this December. Two companion buildings in the park, 4020 and 4050 S. 26th St., are also fully leased.

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