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PHILADELPHIA-The 206-year, 1,200-acre Navy Yard, already housingfour million sf of varied commerce, will introduce a new corporatepartnership this fall when Ben Franklin Technology Partners ofSoutheastern Pennsylvania, the Delaware Valley Industrial ResourceCenter and the Philadelphia Industrial Development Corp. openBuilding 100 Innovation Center. The 32,000-sf, 100-year-old formerMarine Corps barracks building will be developed as a regional hubfor technology commercialization of physical and engineeringscience.

Ben Franklin Technology Partners is moving its headquarters from1835 Market St. in Center City to the building in the fall. P&AAssociates, a locally based developer with previous historicrenovation experience, has contracted to purchase the barracksbuilding from the Philadelphia Industrial Development Corp. andwill master lease the property to Ben Franklin Technology Partnersand the Delaware Valley Industrial Center. PDIC is providingconstruction and permanent financing for the building'sredevelopment.