Navy Yard’s Former GSK Office Faces Sheriff’s Sale Over $78M Foreclosure

Navy Yard's Former GSK Office Faces Sheriff's Sale Over $78M Foreclosure

The iconic office property at Philadelphia Navy Yard is slated for a sheriff’s sale in June. Originally praised for revolutionizing workspaces when constructed for GlaxoSmithKline over a decade ago, the building at 5 Crescent Drive is now entangled in foreclosure proceedings due to the owner’s outstanding $85 million mortgage debt.

*Article courtesy of Philadelphia Business Journal

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