Business is thriving in South Philadelphia. A new tenant joins the long list of companies at the growing Navy Yard campus.
Ecosave, Inc., a large Australian company that provides energy- and water-saving services to commercial and institutional clients, has chosen the Navy Yard as the location for its headquarters in the U.S. and plans to create around 125 new jobs over the next three years. Philadelphia Inquirer reports that Ecosave spent two years determining which North American city (the shortlist included Boston, Washington, D.C., New York, Chicago, Philadelphia and Toronto) has high energy costs that could provide a large pool of potential clients.
The two-year effort to attract Ecosave to the Navy Yard business campus was led by Select Greater Philadelphia (an economic development marketing organization focused on business attraction and retention in the Greater Philadelphia region), Philadelphia Industrial Corporation (PIDC), the City of Philadelphia and the Commonwealth of Pennsylvania.
“As a national hub for energy efficiency research and commercialization, The Navy Yard’s Smart Energy Campus is an ideal location for Ecosave to launch into North America. Ecosave’s new headquarters at the Navy Yard will add to the dynamic mix of more than 10,000 employees and 130 companies already located at this sustainable and innovative business campus,” said John Grady, president of PIDC.
According to officials, in January 2015 Ecosave will move in around 20,000 square feet of space in a new, 75,000-square-foot state-of-the-art office building that will be developed by Liberty Property Trust and Synterra Partners. Until then the Australian company will occupy 6,000 square feet of office space at 3 Cresent Drive.
Image via The Navy Yard