Ensemble secures 64,380 s/f lease with Hanwha Philly Shipyard, Inc. at The Navy Yard

PHILADELPHIA, PA — Ensemble Investments, LLC (Ensemble) announced that Hanwha Philly Shipyard, Inc. (Hanwha) has signed a 64,380 s/f office lease at 201 Rouse Blvd. at the Philadelphia Navy Yard. Hanwha will now occupy three floors of 201 Rouse Blvd., and employees have already begun transitioning into the building. The new space supports administrative work connected to Hanwha’s growing shipbuilding operations and significantly expands its presence within Ensemble’s Navy Yard portfolio.

Developed in 2015, 201 Rouse Blvd. is an 80,000 s/f, class A office building certified LEED Gold by the U.S. Green Building Council. The building features floor-to-ceiling windows that bring natural light into the office space, along with highly efficient mechanical systems and environmentally sensitive landscaping.

“The Shapiro Administration has invested in the Hanwha Philly Shipyard and surrounding Navy Yard to expand shipbuilding, create jobs, and ensure this location continues to be a thriving center for economic activity,” said Rick Siger, Secretary of the Pennsylvania Department of Community and Economic Development. “By expanding its operations and workforce here, Hanwha is creating new opportunities for Pennsylvanians while contributing to the long-term growth of our regional and statewide economies. The Shapiro Administration will continue working alongside Hanwha, Ensemble, PIDC, and our local partners to support the company’s growth in Pennsylvania.”

“This lease reflects the kind of growth the Navy Yard was designed to support,” said Kate McNamara, executive VP, Navy Yard at PIDC. “The campus’s range of office, industrial, and development space allows employers to adapt and expand as their needs evolve. Hanwha’s growing presence demonstrates how that flexibility can support new investment, create quality jobs, and strengthen Philadelphia’s role in the future of American shipbuilding.”

“The Navy Yard continues to be one of Philadelphia’s most important centers of development and job growth,” said Philadelphia City Council President Kenyatta Johnson, whose Second District includes the Navy Yard. “Hanwha’s expanding presence builds on that momentum and reinforces the campus’s role in driving new activity and investment across the city.”

Hanwha was represented in the transaction by Eric Wahlers and Chris Werner of JLL.

Located within Ensemble’s office portfolio at the Navy Yard, 201 Rouse Blvd. offers Hanwha’s administrative team proximity to the company’s shipbuilding operations. The transaction demonstrates how the Navy Yard’s mix of high-quality office and industrial properties can accommodate the interconnected needs of a growing employer.