Iroko Pharmaceuticals Expands in Navy Yard

Iroko Pharmaceutical leases space in a new building to be constructed by Liberty Property Trust at the Navy Yard Corporate Center.  The new 56,000 square foot headquarters will allow Iroko to increase the size of its work force from about 50 people to more than 200.  The company currently occupies about 19,000 square feet of office space in the Navy Yard.

Liberty Property Trust and Synterra Partners, both of Philadelphia, will break ground on the new four-story headquarters building.  Liberty is investing $15.4 million in the project, which is expected to be completed during the fourth quarter of next year.  It will represent the seventh commercial property Liberty has developed at the Navy Yard Corporate Center with Synterra.