FMC Corporation, a specialty chemical company, has agreed to lease 253,000 square-feet for 16-years for their new global headquarters at Cira Centre South in Philadelphia. The to-be-built tower will be known as FMC Tower at Cira Centre South and represents the last phase of Brandywine’s Cira Centre South project, a 2.7 million square foot mixed-use development. FMC expects to occupy its new corporate headquarters by June 2016, with groundbreaking planned for mid-year 2014.
The new high-rise will be the sixth tallest office building in Philadelphia at 47 stories, 650 feet tall and will consist of approximately 830,000 rentable square feet: 575,000 square feet of Class A office, 10,000 square feet of retail, and 260 luxury apartment suites with concierge services and market rate rental housing. Brandywine has also executed a 20-year lease with the University of Pennsylvania for four floors approximating 100,000 square-feet.
“It’s an exciting time at FMC as we grow our company and workforce,” said Pierre Brondeau, President, Chief Executive Officer and Chairman of the Board of FMC Corporation. “FMC Tower at Cira Centre South will provide an office environment that encourages employee collaboration, engagement and creativity.”
The Cira South development included a $340 million renovation of the 30th Street Post Office (GSA-Philadelphia Campus) and Cira Garage, and evo at Cira Centre South – a joint venture campus housing project currently under construction. This lease, combined with the University of Pennsylvania lease, brings the office component to 61% leased to major credit tenants on long-term leases.
Operational efficiencies in the planned tower include: highly efficient column-free floor plates, LEED Silver design, and high performance, next generation building systems. Quality of work-life will be enhanced by the highly desirable mixed-use development with a comprehensive amenity package, 10-foot ceiling heights, floor-to-ceiling glass featuring dramatic views of the Schuylkill River and Philadelphia’s central business district, as well as an abundance of natural light into employee spaces.
Building amenities will include: 260 luxury rental apartment units, aquatic center with pool and deck, fitness center and spa, planned state-of-the-art business conference center, on-site 1,662 space parking garage, and a one-acre elevated park known as Cira Green. Cira Green, to be completed in the fourth quarter of 2014, is an extension of the recreational green belt created by Schuylkill River Trail and Penn Park. This green space will continue across the eastern entrance of the FMC Tower at Cira Centre South to the face of the Cira parking garage where a glass elevator will convey visitors to Cira Green, a soaring one-acre park physically connected to the tower by a sky bridge.
The design team for FMC Tower at Cira Centre South will be the architectural firms of Pelli Clark Pelli and Bower Lewis Thrower. The office component of the project will cost approximately $236 million with the residential component costing $105 million for a total anticipated investment of $341 million.