Liberty Property Trust & Synterra Partners Earn LEED Gold certification at 150 Rouse Blvd

Solidifying The Navy Yard as one of the Region’s Largest Collections of Sustainable Buildings

PHILADELPHIA, PA — September 4, 2013 — Liberty Property Trust and Synterra Partners today announced that it has received LEED® Gold certification under the Core & Shell™ rating system from the U.S. Green Building Council at 150 Rouse Boulevard in The Navy Yard Corporate Center. The accreditation is the seventh for the Liberty Property/Synterra team at The Navy Yard, which is one of the largest collections of LEED commercial buildings in the region.

The building serves as the global headquarters of Iroko Pharmaceuticals, LLC, a global specialty pharmaceutical company, based in Philadelphia, dedicated to scientific advancements in analgesia.

“The development of The Navy Yard has been an amazing journey,” said Brian Cohen, vice president and city manager for Liberty’s Philadelphia office. “Even at the core of the Recession, this was a place companies were drawn to for its energy and innovation. We applaud Iroko, and the many other tenants in our Navy Yard buildings, for their commitment to providing exceptional and high performance work environments for their employees and for believing in our vision of creating a highly sustainable and progressive campus. We look forward to the next phases of development still to come.”

The 56,412 square foot, four-story state-of-the-art facility features high performance systems designed to manage energy, atmosphere, water and indoor environmental quality. Built predominantly with locally-sourced materials, the building also features exterior views to 90% of regularly occupied building space, high-efficiency low-flow water fixtures throughout the building and secure bike racks and changing/shower facilities to promote the use of energy efficient transportation.

“The Iroko headquarters at 150 Rouse Boulevard is the ultimate expression of our vision and growth as a company,” said John Vavricka, President and CEO of Iroko Pharmaceuticals. “The sustainable building design and the open spaces represent our unlimited potential and reflect well on the spirit of our company. Philadelphia and The Navy Yard provide a strong platform for future growth as we advance our promising drug candidates towards commercialization.”

Liberty Property/Synterra invested $15.4 million in the development of the project. The building was designed for Liberty Property/Synterra by DIGSAU, a Philadelphia-based design firm, and constructed by Penn Construction Company with sustainability consulting provided by Re:Vision Architecture.

In total, Liberty Property/Synterra has developed more than 1,030,000 rentable square feet in The Navy Yard to date representing more than $225 million in private investment. The six LEED certified buildings completed by the partnership in the park include (in order of certification date):

  • One Crescent Drive – LEED Platinum for Core & Shell
  • Three Crescent Drive – LEED Gold for Core & Shell
  • 4300 S 26th Street – LEED Silver for New Construction™
  • 4050 S 26th Street – LEED certified for Core & Shell
  • 4020 S 26th Street – LEED certified for Core & Shell
  • Five Crescent Drive– LEED Platinum for Core & Shell and Commercial Interiors™

An eighth sustainable building, 201 Rouse Blvd., was just announced by the partners. They will break ground in September. The property, which has been pre-leased to Franklin Square Capital Partners, has been designed to achieve LEED Gold specifications.

Liberty Property/Synterra’s future development plans for The Navy Yard call for an additional 2.55 million square feet of high performance sustainable office and flex space and 12 acres of manicured public space.