Liberty Property Trust & Synterra Partners Break Ground on a Fully Pre-Leased Flex Building in The Navy Yard Commerce Center

PHILADELPHIA--(BUSINESS WIRE)--Liberty Property Trust, which owns and manages more than 16 million square feet of office, flex and industrial space in the Greater Philadelphia region, together with its joint venture partner Synterra Partners, broke ground today on its third Class A flex building in The Navy Yard Commerce Center (and its fifth flex building at The Navy Yard). The 75,000 square foot building located at 4000 S. 26th Street is 100% pre-leased and will be home to three international tenants when it is completed this December. Liberty/Synterra is investing approximately $13 million in the project. The building completes the development of the 40-acre Navy Yard Commerce Center, located on the western side of The Navy Yard, which at full build-out will include approximately 525,000 square feet, 100% leased to nine tenants anchored by Tasty Baking Company.