PHILADELPHIA--(BUSINESS WIRE)--

With shovels in hand and a half-dozen of their LEED certified buildings as backdrop, executives from Liberty Property Trust/Synterra Partners today hosted a groundbreaking ceremony for their eighth high performance building in The Navy Yard, the new headquarters for Franklin Square Capital Partners at 201 Rouse Blvd.

Speaking at the ceremony, Franklin Square Founder and CEO Michael C. Forman said, We are excited to join the thriving Navy Yard community, where we feel we can create an environment for our growing and hardworking team that fosters productivity, innovation, collaboration and healthy lifestyles.

The 80,050-square-foot, Class A office building is located on 4.4 acres just south of the Courtyard by Marriott (currently under construction) and will front a newly developed 5-acre park with various recreational amenities.

This project represents the beginning of the next phase of one of the nations most successful new work environments, said Bill Hankowsky, Chief Executive Officer, Liberty Property Trust. It is fitting that we are here to begin development of an exciting workplace for such a dynamic company as Franklin Square Capital Partners.

This is the twelfth development project initiated by Liberty at The Navy Yard in just nine years, representing over 1.2 million square feet of office, industrial and hotel space. Seven of those projects, which have been LEED certified by the U.S. Green Building Council, have been developed in partnership with Synterra Partners. 201 Rouse Boulevard will mark the eighth high performance building and is designed to achieve LEED Gold certification under the Core & Shell rating system. Liberty anticipates delivering the building in the first quarter of 2015.

This is the fifth project to break ground at The Navy Yard since the release of our updated master plan earlier this year.We are thrilled to have Franklin Square join the 130 companies that already employ more than 10,000 people at The Navy Yard, said John Grady, President of PIDC. The new Franklin Square headquarters adds to the continuing development and growth of The Navy Yard, and further demonstrates the vitality and attractiveness of the campus environment created over the last decade.

From the time that Liberty and Synterra broke ground on the bakery for Tasty Baking Company in 2007, the partnership has continuously had at least one active project under construction over the last six years and that momentum continues with the start of construction on 201 Rouse Blvd.

The Navy Yards vibrant, progressive, and environmentally sustainable culture continues to attract progressive growing companies such as Franklin Square Capital Partners, said Alan Greenberger, Deputy Mayor for Economic Development for the City of Philadelphia. The continued commitment to sustainable, high quality development by Liberty Property Trust and Synterra Partners, supported by a design and construction team whom are all Philadelphia based, is a testament that Philadelphia is leading the way with world class development to support world class companies.

In addition to Liberty/Synterra, all of the major project partners are either headquartered in or have offices in Philadelphia, including DIGSAU (architect), Turner Construction (general contractor), Re:vision Architects (LEED consultants), Environetics (structural design), Pennoni Associates (site and civil design), Francis Cauffman (interior architects) and Fury Design (interior designers).

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Liberty Property Trust/Synterra Partners breaks ground on new high performance headquarters for Franklin Square ...