Philadelphia, October 31, 2013 – Mayor Michael A. Nutter and Deputy Mayor for Economic Development Alan Greenberger announced that FMC Corporation, one of the world’s leading specialty chemical companies, has signed a 16-year lease with Brandywine Realty Trust. The lease is prompting the development of a new office tower in Philadelphia’s skyline, FMC Tower at Cira Centre South. The building is planned for 47 stories with 830,000 square-feet of space at 30th and Walnut Streets with an expected completion in 2016. FMC will retain 525 employees and plans to add 75 new positions over the next 3 years.
“FMC is a strong corporate leader in Philadelphia, and we couldn’t be more thrilled they have chosen to grow their business here,” said Mayor Nutter. “Philadelphia is a smart, strategic location for firms in the chemicals sector, a fact cemented on the national stage by FMC’s decision to invest over the long term in a new corporate headquarters location.”
Retaining FMC in Philadelphia was a team effort with a wide range of partners, including the Commonwealth of Pennsylvania and the Philadelphia Industrial Development Corporation. Leading the effort from City government was Mayor Nutter and Deputy Mayor for Economic Development, Alan Greenberger.
“A tremendous amount of work and collaboration led up to today’s announcement, and I want to thank the team that got this done,” said Deputy Mayor Greenberger. “FMC’s commitment to Philadelphia is one more indicator Philadelphia’s economy is on track for growth. We’ve seen a series of recent investments from firms like Philadelphia Energy Solutions and Axalta, and expect more announcements across a number of sectors in the weeks and months to come.”
FMC Corporation is a diversified chemical company serving agricultural, industrial, environmental, and consumer markets globally for more than a century with innovative solutions, applications and quality products. In 2012, FMC had annual sales of approximately $3.4 billion. The company employs approximately 6,000 people throughout the world, and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Minerals. The company traces its roots to 1883 when founder John Bean created an innovative insecticide spray pump to protect California orchards. FMC came to the Greater Philadelphia area in 1956 with the opening of its research center in Princeton, N.J. The company consolidated its chemical business in Philadelphia in 1974 and then established its global headquarters in the city in 2001.
“It’s an exciting time at FMC as we grow our company and workforce,” said Pierre Brondeau, president, chief executive officer and chairman of the board of FMC Corporation. “We’re proud to call Pennsylvania and Philadelphia our home, and today’s announcement underscores FMC’s long-term commitment to this great city.
As one of the fastest growing specialty chemical companies, our ability to retain and attract the best talent is critical to our success. FMC Tower at Cira Centre South will provide an office environment that encourages employee collaboration, engagement and creativity. Located at the gateway to University City, with close proximity to Drexel University, University of Pennsylvania and the University City Science Center, we’re thrilled to partner with Brandywine Realty Trust to move this development from concept to reality by 2016. We are also grateful for the help of Mayor Nutter and his administration for their support during our assessment. We look forward to working together in the next few years on this exciting project.”
Gerard H. Sweeney, President and Chief Executive Officer of Brandywine Realty Trust, said, “Brandywine is delighted to welcome FMC to the Brandywine family of tenants. FMC Tower at Cira Centre® South will be a striking addition to the Philadelphia skyline and is the last phase of Brandywine’s 2.7 million square foot Cira South mixed-use gateway development. FMC’s long term commitment to the city is yet another clear indication of Philadelphia’s ever-improving competitive position in the global economy. We very much appreciate the Mayor and the administration’s leadership on this important economic initiative.”