Axalta Coating Systems announced it will locate its new Global Innovation Center at The Navy Yard in Philadelphia. 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 the Asia-Pacific.
Axalta has entered into a long-term lease agreement for the building, and the project is being developed by Liberty Property Trust and Synterra Partners. Project construction is expected to be complete in late 2017.
Upon reaching full operation in 2018, Axalta will bring at least 190 new jobs to Philadelphia with the possibility of additional positions in the future.