Franklin Square Capital Partners will be relocating its headquarters to the Philadelphia Navy Yard where Liberty Property Trust and Synterra Partners will construct a new four-story, 80,050-square-foot building for the firm.
The firm will be moving from Cira Centre.
Franklin Square signed a long-term lease for the entire building, which is located on just over four acres next to the Courtyard by Marriott that is under construction. The address is 201 Rouse Blvd.
Franklin Square designs and manages alternative investment funds that allow mainstream investors to access asset classes, like investments in private companies, that were previously only available to institutional investors. Company revenues grew from $1.5 million in 2009 to just under $27 million last year, or 1,698 percent. It was formed in 2007 with 15 employees and now has 150 people working for it. It has been ranked 13th on Forbes Magazine’s 2013 list of America’s most promising companies.
“We are excited to keep our headquarters in Philadelphia and to join the growing community at the Navy Yard,” said Michael Forman, founder and CEO of Franklin Square, in a statement. “We look forward to having a custom designed space that will accommodate our rapid growth and foster our company’s energetic, collaborative and innovative culture,” Forman concluded.
The new headquarters will have views of both of a new park and Philadelphia’s skyline, a café-style restaurant, a multi-use exercise facility, conference facilities, and floor plans full of natural light and designed to foster team interaction.
Full story: http://tinyurl.com/ldocag8
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