Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. Axalta, which employs 14,000, earned $499 million in profits last year on sales of $4.6 billion. For Class B office buildings the average office rate is $27/sqft/year. This spirit still permeates today with countless companies choosing our city to put down roots for growth,” said Mayor Kenney. The front of the building is reminiscent of the classically inspired buildings preserved in the adjacent historic core of the Navy Yard, while the back of the building resembles the lofts and warehouse facilities nearby. Pennsylvania Governor Tom Wolf also provided remarks, heralding Axalta’s economic contributions to the Commonwealth of Pennsylvania with current and future jobs planned for the Global Innovation Center, in addition to those presently provided by the Company in Philadelphia, Glen Mills, and Exton. In the Navy Yard, Axalta will also benefit from the campus-like and collaborative environment set among many other leading-edge companies in their respective fields.”. Apex Capital Investments, a U.S.-based real estate investment management firm and a subsidiary of Kuwaiti-based Dimah Capital, acquired the asset for $61.2 million. “Axalta’s team of scientists and technicians at the Global Innovation Center will develop next generation coatings products and keep pace with emerging application needs,” said Barry Snyder, Axalta’s Chief Technology Officer. The morning ribbon cutting began with a ceremonial rendition of the national anthem by the choir of Serviam Girls Academy, based in New Castle, Delaware. The Class A Office building was completed in 2018 and features a total of 175,000 Sqft. Axalta Coating Systems Ltd. has moved more than 200 engineers and scientists that were located in Wilmington into a new research facility developed for … After the public ribbon cutting ceremony, Axalta hosted more than 100 customers for a first look of the Global Innovation Center with tours of the facility. The average asking office rent per sq. The 175,000 square foot facility will be home to Axalta’s global research, product development, and technology initiatives and will partner with the company’s other technology centers in the Americas, Europe, and Asia-Pacific. “Whether in color technology, polymer and formulation chemistry, or application knowledge, the world-class capabilities and talent at Axalta’s Global Innovation Center will fuel new products and deliver the solutions that our customers want to grow their businesses into the future.”. For more information about PIDC, visit www.PIDCphila.com and follow us @PIDCphila on Twitter. Axalta has partnered with Serviam as part of it’s commitment to STEM education, which includes the Axalta All-Pro Teachers Program with the Philadelphia Eagles, the Philadelphia Science Festival with the Franklin Institute, and several other programs that honor STEM educators and students throughout Greater Philadelphia, North America, and other regions globally. COPYRIGHT © PIDC ALL RIGHTS RESERVED – DESIGNED BY LEVLANE. Axalta Coating Systems has opened the doors of the world’s largest coatings research and development center, in Philadelphia’s master-planned Navy Yard urban development. If there's a temple to color in America, Axalta Coating Systems has erected it, at the former Navy Yard in South Philadelphia. Its location in Philadelphia’s historic Navy Yard enables collaboration among Axalta employees, business partners, and customers throughout the Philadelphia area and beyond. CBRE today announced the sale of Axalta’s Global Innovation Center located at 1050 Constitution Avenue in Philadelphia’s Navy Yard. From light OEM vehicles, commercial vehicles and refinish applications, to industrial electric motors, buildings, and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last longer. For more information about Axalta’s Global Innovation Center, please visit Axalta.com/GlobalInnovationCenter. As a part of this organizational realignment, Axalta will close its Center City Philadelphia offices. It … Apex Capital Investments, a U.S.-based real estate investment management firm and a subsidiary of Kuwaiti-based Dimah Capital, acquired the asset for $61.2 million. Axalta Coating Systems, a leading global supplier of liquid and powder coatings, announced today that its new Global Innovation Center will be located at The Navy Yard in Philadelphia. Future growth will support up to 10 million square feet of commercial and residential development. The 175,000 square-foot Global Innovation Center offers lab, as well as office space at space in the Philadelphia Navy Yard. In Navy Yard, there are 8 class A office buildings. 1-855-6 AXALTA. CBRE recently arranged the sale of Axalta’s Global Innovation Center in Philadelphia’s Navy Yard. For more information about Liberty Property Trust, visit www.libertyproperty.com. As a historic, thriving waterfront district in Philadelphia, the Navy Yard is bustling with 15k people, 175 companies, and hundreds of career opportunities for all! At zip code level, there are 25 commercial properties, of which 12 are office buildings over 50,000 square feet. Axalta Coating Systems has announced that its new Global Innovation Center will be located at The Navy Yard in Philadelphia, PA. In 2018, the company opened a 175,000-square-foot Global Innovation Center at the Philadelphia Navy Yard. ft. in Navy Yard is $27/sqft/year. Unlock data on CommercialEdge.com. Looking for more in-depth information on this property? With more than 150 years of experience in the coatings industry, the approximately 14,000 people of Axalta continue to find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, application systems and technology. Axalta Global Innovation Center is located at 1050 Constitution Avenue in the Navy Yard neighborhood, PA, Philadelphia, 19112. Axalta, which was called DuPont Performance Coatings when the Carlyle Group bought it from DuPont for $4.9 billion in 2013, employs more than … Axalta, a leading global supplier of liquid and powder coatings, today celebrated the official opening of its Global Innovation Center, the largest coatings research and development (R&D) center in the world, with a ribbon cutting ceremony. ... Two Commerce Square 2001 Market St. Suite 3600 Philadelphia, PA 19103. Axalta Opens World's Largest Research & Development Centre Dedicated to Coatings and Colour at the Navy Yard in Philadelphia, USA New 16,000m2 Global Innovation Center at the Philadelphia Navy Yard - More than 200 engineers and scientists at the forefront of colour and coatings innovation Axalta Global Innovation Center totals 175,000 square feet. The Class A Office building was completed in 2018 and features a total of 175,000 Sqft. Axalta, headquartered at Two Commerce Square in Center City, employed 14,000 as of February. The Navy Yard location offers an attractive workplace for new talent, and the Axalta campus was built with researchers in mind, modeling an academic setting with a variety of indoor and outdoor spaces to foster teamwork and creativity. The front of the building also features a two-story glass façade to maximize daylight while utilizing angled vanes to reduce glare and shade staff from the low angles of the late afternoon sun. Axalta employs 14,000 at its plants and paint labs worldwide, including its new central research and development facility at the Navy Yard business center and its Americas offices in Glen Mills. It sold the Axalta property shortly before its acquisition by San Francisco-based warehouse giant Prologis Inc. closed this week. The move will create 190 new, high-paying jobs. The Navy Yard is considered the most successful redevelopment of a former military facility in the country and today is a growing community where companies and their employees thrive. Axalta Opens World’s Largest Research & Development Center Dedicated t... https://www.navyyard.org/theyardblog/wp-content/uploads/2018/11/axalata-ribbon.jpg, https://www.navyyard.org/theyardblog/wp-content/uploads/2019/02/Navy-Yard-Logo.jpg, Axalta Opens World’s Largest Research & Development Center Dedicated to Coatings and Color at the Navy Yard in Philadelphia, PIDC Welcomes A New Addition to the Navy Yard Team, Philadelphia Navy Yard Receives Arboretum Status. Liberty built the project as the main developer of the Navy Yard’s central business campus before shifting its focus to industrial projects in 2018. The 175,000-foot Global Innovation Center offers specialty labs, as well as office space. The Navy Yard is a 1,200-acre, dynamic urban development, offering the Philadelphia region a unique and centrally-located waterfront business campus committed to smart … For more information visit axalta.com and follow us @Axalta on Twitter and on LinkedIn. The office space availability for the 19112 zip code is 31,646 Sqft, in 3 office spaces. Axalta Coating Systems has selected the Navy Yard as the site of a new international research-and-development hub, drawn by the campus' open green spaces, its existing name-brand tenants, and a generous helping of public funds. I thank Axalta for their contributions to our region and wish the company many prosperous years at the Navy Yard.”. There are 3 office spaces for lease in the Navy Yard neighborhood, totaling 31,646 Sqft of available office space. For more information about the Navy Yard, please visit www.navyyard.org and follow us @NavyYardPhila on Twitter. Find property characteristics, ownership, tenant details, local market insights and more. “Regulations and customer demands call for newer technologically advanced coatings. In 2018, the same year Axalta Global Innovation Center was built, 10 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Philadelphia, featuring 2,242,214 square feet of commercial space. 1500 John F. Kennedy Blvd, Philadelphia, PA 19102, 100 South Broad Street, Philadelphia, PA 19110, 255 South 17th Street, Philadelphia, PA 19103, 1628 John F. Kennedy Blvd, Philadelphia, PA 19103, 1701 John F. Kennedy Blvd, Philadelphia, PA 19103, 510 Walnut Street, Philadelphia, PA 19106, Feasterville Trevose Office Space Listings, Feasterville Trevose Commercial Real Estate. Axalta Coating Systems, a leading global supplier of liquid and powder coatings, announced today that its new Global Innovation Center will be located at The Navy Yard in Philadelphia. It’s location in Philadelphia’s historic Navy Yard enables collaboration among Axalta employees, business partners, and customers throughout the Philadelphia area and beyond. “Five years ago, Axalta showed its commitment to Philadelphia by relocating its global headquarters to Center City. Axalta Global Innovation Center was built in 2018. The 175,000 square foot Global Innovation Center offers unparalleled specialty labs, as well as office space. Employees will shift to either the new global headquarters at its existing offices inGlen Mills, Pennsylvania, or to Axalta’s Global Innovation Center in the Philadelphia Navy Yard with key technical staff. In Navy Yard, there are a total of 3 LEED certified office buildings. Axalta is a leading global coatings provider dedicated to the development, manufacturing, delivery, and service of liquid and powder coatings. “As the hub for vital research and development functions, every detail of the building has been arranged with the intention to excite and inspire all who work or visit. “The City of Philadelphia is known for the innovative spirit that founded our nation. Environmental Monitoring, Axalta at The Navy Yard, Philadephia, PA Environmental remediation is key to continued development at The Navy Yard — a 348-acre site being developed into a mixed-use campus in Philadelphia. Axalta Chairman and CEO Charlie Shaver (Photo: Axalta) NEWS RELEASE Axalta Coating Systems Will Locate New Global Innovation Center at The Navy Yard in Philadelphia 9/9/2015 Global Innovation Center to be Hub of Company's Worldwide R&D and Dynamic Addition to Business Campus 1. Axalta Opens World's Largest Research & Development Center Dedicated to Coatings and Color at the Navy Yard in Philadelphia - New 175,000 square foot Global Innovation Center at … Bryant and Axalta Chief Technology Officer Barry Snyder were joined at today’s ceremony by Philadelphia Mayor Jim Kenney, Councilman Kenyatta Johnson, PIDC President John Grady, Liberty Property Trust Senior Vice President and Regional Director John Gattuso, and Axalta employees. 1050 Constitution Avenue is located within the Philadelphia Navy Yard complex, one of the premier business parks in … Philadelphia, PA – Governor Tom Wolf today announced that Axalta Coating Systems, LLC, a global developer and supplier of coatings and application tools, will establish a new research and development facility at the Philadelphia Navy Yard. The company is building a $75 million headquarters and R&D center at the Navy Yard in South Philadelphia, and has bought a series of smaller companies in a bid to stay independent in the fast-consolidating global paints business, where Axalta's global rivals include AkzoNobel's paint division … Developing products to suit these and other needs will be the mission of the Global Innovation Center and Axalta’s worldwide research and development network.”, “There has been a long history of innovation at the Navy Yard, from the design and construction of state-of-the-art battleships and commercial vessels to today’s leading companies working on innovations like therapies to treat cancer, electric microgrids, energy efficiency buildings, and now coatings and color technologies that are used on products all around the world,” said John Grady, President of PIDC. For more information about Synterra, visit www.synterraltd.com.  The increasing use of light-weight plastic and composite materials in vehicles to save fuel require new coatings formulations. There are 3 office spaces for lease in the Navy Yard neighborhood, totaling 31,646 Sqft of available office space. Axalta will close itsCenter City Philadelphia offices. Adaptimmune: 351 Rouse Blvd, Philadelphia, PA 19112 A leader in the development of […] Opening in 2018, this 175,000sf Global Innovation Center located in Philadelphia’s historic Navy Yard, brings research, product development, and technology initiatives together in one location. Axalta, a leading global supplier of liquid and powder coatings, opened its Global Innovation Center at the historic Navy Yard in Philadelphia, Pennsylvania. Take a look at these 20 Navy Yard businesses that you could work for in 2020! Axalta’s Global Innovation Center on 11th Street (Photo Credit: Halkin Mason Photography), “Axalta’s Global Innovation Center will become the central hub for our global research, product development, and technology initiatives where we develop and deliver the most innovative coatings products in the world,” said Robert Bryant, Interim Chief Executive Officer, Axalta. Axalta’s long-term lease at the property expires in the fall of 2037. About Axalta The building, which is owned and developed by Liberty Property/Synterra, was designed by Erdy McHenry and merges design elements present throughout the Navy Yard. Axalta Opens R&D Center In Philadelphia The 175,000-square-foot Global Innovation Center at the Philadelphia Navy Yard is the world's largest research & … “Today we celebrate this exceptional new building and our strong partnership with Axalta, which entrusted Liberty with the important job of designing and developing their first Global Innovation Center,” said John Gattuso, senior vice president and regional director for Liberty Property Trust. Axalta Global Innovation Center is located at 1050 Constitution Avenue in the Navy Yard neighborhood, PA, Philadelphia, 19112. “We are proud to gather today with our partners to cut the ribbon on Axalta’s Global Innovation Center at the Navy Yard and continue this tradition of innovation for years to come.”. Today, they open the doors to the Global Innovation Center, bringing new, highly-skilled jobs to Philadelphia. 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