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Liberty Wins Naval Business Center Job

PHILADELPHIA-Malvern, PA-based Liberty Property Trust beats out plans submitted by Plymouth Meeting, PA-based Brandywine Realty and Dallas-based Lincoln Property Group for a 60-acre parcel in the 1,200-acre Philadelphia Naval Business Center. Price negotiations between Liberty and PIDC are underway.

By Marita Thomas | Updated on August 22, 2002

PHILADELPHIA-Malvern, PA-based Liberty Property Trust will develop approximately 1 million sf of office space in Gateway, a 60-acre parcel inside the main gate of the 1,200-acre Philadelphia Naval Business Center. Liberty’s plan was among three submitted to Philadelphia Industrial Development Corp., which owns PNBC.

Gateway is one of three zones within the former navy base located in South Philadelphia along the Delaware River. The Gateway campus is cleared for new construction.

PIDC initially sent requests for quotes for the 60-acre parcel to 10 development companies, John Grady, PIDC senior vice president, tells GlobeSt.com.

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