Axalta Global Innovation Center Axalta Global Innovation Center

PHILADELPHIA—A locally-based subsidiary of Dimah Capital of Kuwait has acquired the Axalta Global Innovation Center at 1050 Constitution Ave. in the Philadelphia Navy Yard for $61.2 million.

The 175,000-square-foot office building is fully leased to Axalta Coating Systems, which maintains its corporate headquarters at 2001 Market St. in Philadelphia and its North American headquarters at 50 Applied Bank Blvd. in Glen Mills, PA.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.