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Liberty Lands $150M, 70-Acre Navy Yard Corporate Project

PHILADELPHIA-In addition and adjacent to the nine-building master-planned Navy Yard Corporate Center, the Malvern, PA-based developer breaks ground today for a 75,200-sf build-to-suit biopharmaceutical manufacturing facility for Minnesota-based AppTec, which has another, neighboring 75,000-sf building on the drawing boards.

By Marita Thomas | Updated on February 19, 2003

PHILADELPHIA-In partnership with locally based Synterra Partners, Malvern, PA-based Liberty Property Trust will develop a 70-acre, nine-building office park in the eastern section of the 1,300-acre Philadelphia Naval Business Center. John Gattuso, Liberty’s SVP in charge of the project, tells GlobeSt.com, “the cost of the build-out over the next 12 years will be between $150 million and $170 million.”

Liberty was chosen from among three finalists. The Liberty/Synterra partnership is developing the park under an agreement with Pennsylvania Industrial Development Corp., and the plan will be created in conjunction with PIDC. While initial plans call for nine “class AA” buildings encompassing up to 1.1-million sf, the addition of a residential component has not been ruled out.

The design team, assembled by Liberty, will develop a master plan for the entire, 600-acre eastern section of the naval base property. New York-based Robert A.M. Stern Architects, designer of Liberty’s One Pennsylvania Plaza tower in Center City, heads the design team. Others team members are EDAW, the San Francisco-based design firm; London-based Grimshaw & Associates, and the locally based firms of Kelly/Maiello and Daroff Designs.

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