Posts Tagged: Carpenters Union

Carpenters Union Buys Former GSK Navy Yard Building for $52M

The Carpenters Union purchased the former GSK Navy Yard office for $52M, a 60% discount, and plans to occupy it in 2026.

After failing to sell at sheriff’s sale, the former Navy Yard headquarters of GSK has closed a deal. The Eastern Atlantic States Regional Council of Carpenters purchased the vacant 207,779-square-foot building at 5 Crescent Drive for $52 million. The sale price reflects a 60% discount from the property’s last transaction eight years ago. The building… Read more »