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GlaxoSmithKline and Liberty Property Trust/Synterra Partners Transform the Work Environment with the Opening of Five Crescent Drive
Date:4/5/2013

PHILADELPHIA, April 5, 2013 /PRNewswire/ -- GlaxoSmithKline (@GSKUS) officially opens its new double LEED® platinum certified facility in Philadelphia's Navy Yard Corporate Center this Saturday, ushering in a new era of how people work in Philadelphia.  Employees, families and friends will celebrate and attend a ribbon-cutting ceremony with GSK President of North America Pharmaceuticals Deirdre Connelly , Liberty Property Trust Chief Executive Officer Bill Hankowsky , Synterra Partners Principal Bill Wilson , design architect Robert A.M. Stern , workplace strategist and interior architect Francis Cauffman Principal John Campbell and Philadelphia Mayor Michael A. Nutter .

"Our new work space is designed to inspire and connect people," says Deirdre Connelly , President, North America Pharmaceuticals, GSK. "My teammates and I are energized by this new environment, where we can do our best work and collaborate without the constraints of office walls."

The 208,000 square foot building at Five Crescent Drive represents an $80 million investment by Liberty Property/Synterra, and an investment of approximately $70 million by GSK. GSK has signed a 15.5-year lease at the building, which includes a four-story central atrium, a monumental stairway, a coffee shop, cafeteria, fitness center, meeting centers and a large multi-purpose room.

"GSK's new facility reflects the reality of The Navy Yard: it is a Philadelphia magnet for creative, forward-looking companies," said Bill Hankowsky , Chief Executive Officer, Liberty Property Trust. "Innovation and growth are now synonymous with this dynamic enviro
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SOURCE GlaxoSmithKline
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