CARPENTER TECHNOLOGY RELOCATING CORPORATE HEADQUARTERS

Colliers International in Philadelphia represented Carpenter Technology Corporation in securing 22,000 RSF of Class “A” office space at the BNY Mellon building at 1735 Market Street, Philadelphia CBD West of Broad Street.

Carpenter will relocate its corporate headquarters here in the fall of 2016. Its primary manufacturing plant in Reading, PA will remain in Berks County, along with 2,300 jobs. The Reading, PA plant is part of the company’s Specialty Alloys Operations segment.

The new Philadelphia location will bring approximately 100 positions to the city, over time. The move provides better access to transportation, customer markets, world-class universities, and increased visibility with broad talent pools.

James Scott and Jim Scott, Jr. of Colliers International represented Carpenter in this transaction. The Landlord is Equity Commonwealth.

ABOUT CARPENTER TECHNOLOGY CORPORATION Carpenter Technology Corporation is a leading manufacturer and distributor of specialty alloys, including superalloys, stainless steels, and titanium alloys in cast/wrought and powder forms. Carpenter Technology experts have been solving customers’ design and production challenges within the aerospace, transportation, medical, consumer, energy, and industrial markets around the world. Manufacturing and sales facilities can be found in the United States, Europe, Asia, Mexico and Canada. Information about Carpenter can be found at www.cartech.com

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