GlaxoSmithKline and Liberty Property Trust/Synterra Partners Transform the Work Environment with the Opening of Five Crescent

  GlaxoSmithKline and Liberty Property Trust/Synterra Partners Transform the
           Work Environment with the Opening of Five Crescent Drive

- 208,000 square foot building houses 1,300 employees - and not a single
office

PR Newswire

PHILADELPHIA, April 5, 2013

PHILADELPHIA, April 5, 2013 /PRNewswire/ -- GlaxoSmithKline (@GSKUS)
officially opens its new double LEED® platinum certified facility in
Philadelphia's Navy Yard Corporate Center this Saturday, ushering in a new era
of how people work in Philadelphia. Employees, families and friends will
celebrate and attend a ribbon-cutting ceremony with GSK President of North
America Pharmaceuticals Deirdre Connelly, Liberty Property Trust Chief
Executive Officer Bill Hankowsky, Synterra Partners Principal Bill Wilson,
design architect Robert A.M. Stern, workplace strategist and interior
architect Francis Cauffman Principal John Campbell and Philadelphia Mayor
Michael A. Nutter.

"Our new work space is designed to inspire and connect people," says Deirdre
Connelly, President, North America Pharmaceuticals, GSK."My teammates and I
are energized by this new environment, where we can do our best work and
collaborate without the constraints of office walls."

The 208,000 square foot building at Five Crescent Drive represents an $80
million investment by Liberty Property/Synterra, and an investment of
approximately $70 million by GSK. GSK has signed a 15.5-year lease at the
building, which includes a four-story central atrium, a monumental stairway, a
coffee shop, cafeteria, fitness center, meeting centers and a large
multi-purpose room.

"GSK's new facility reflects the reality of The Navy Yard: it is a
Philadelphia magnet for creative, forward-looking companies," said Bill
Hankowsky, Chief Executive Officer, Liberty Property Trust. "Innovation and
growth are now synonymous with this dynamic environment."

The four-story, glass-encased building with an open floor plan and grand
central staircase has been awarded both Core & Shell™ and Commercial
Interiors™ LEED® Platinum certification from the U.S. Green Building Council.
It is the first double LEED® Platinum building in Philadelphia. It is
anticipated that the innovative building systems will save as much as 30% of
energy use when compared to a traditional building.

These substantial energy savings are the result of the state-of-the-art
building facade and high-performance glass which maximize daylight in winter
while reducing heat gain and providing shading in summer. ENERGY STAR®-rated
lighting and equipment, as well as an astronomical time clock and cloud sensor
program, activate the automatic shades on windows to control glare. In
addition smart meters track and monitor the building's energy and water use
and provide ongoing accountability for utility consumption and performance.

"It was GSK's commitment to Philadelphia that put The Navy Yard well over the
10,000 employee mark," said Mayor Michael A. Nutter. "Just 18 months ago we
stood here to break ground on this project, and I am thrilled to be here today
to celebrate the grand opening of one of the most innovative, healthy, and
green work spaces in the US.

Sweeping views of Philadelphia are accessible from nearly 90% of the
workspaces. In the office-less layout, employees are located in
"neighborhoods" and can work in a variety of settings throughout the day.
These include custom-designed sit-to-stand workstations, team tables, meeting
areas, social areas with soft seating, and quiet rooms.

"Francis Cauffman is very excited to see employees working and interacting
throughout the entire building, and to hear the highly positive employee
response to their new workplace," said John B. Campbell, LEED AP, AIA, RIBA,
Principal-in-Charge of Workplace Strategies at Francis Cauffman. "By creating
an open and healthy workplace environment focused on providing the right
physical and IT tools with a wide variety of work settings throughout the
building, the new workplace has transformed the level of energy, engagement
and connectivity across the organization."

Daily service to and from Center City via The Navy Yard Express Shuttle along
with plentiful parking and key amenities, such as parks with Wi-Fi access and
recreational activities and the soon-to-be-completed Courtyard by Marriott, a
flagship property with an upscale bar and restaurant, attract employees to a
unique and vibrant setting.

Innovation and sustainability from top to bottom
Whether one starts on the top of the building, which offers a green rooftop,
or at the front door apron which features Five Standards (Dazzle), a Mural
Arts Program commissioned piece of public art by Virgil Marti, GlaxoSmithKline
at The Navy Yard delivers excitement and energy. The five 16' x 7' foot steel
and mirror polished stainless steel sculptures resemble looking glasses; their
design fitting seamlessly along the GSK facade, which appears as a large
transparent ship docked at Five Crescent Drive.

The roof is covered 40% with vegetation and an herb garden provides many
benefits including: reducing energy costs by providing natural insulation;
absorbing storm water reducing the burden on the public storm water system;
offering a beautiful space for events and meetings; and providing additional
workspace for employees. High-efficiency, low-flow plumbing fixtures are
expected to reduce water use by as much as 50% as compared to a traditional
building, which will save an estimated 1.8 million gallons of water per year.

The building's ventilation system provides 30% more fresh air than required by
code and monitored by carbon dioxide sensors installed at high-density spaces
which increase the amount of fresh air in those spaces as carbon dioxide
levels increase. The GSK facility and its grounds have been designated as a
non-smoking site.

For more about the building, visit
http://us.gsk.com/html/media-news/navy-yard-press-kit.html.

About GlaxoSmithKline
GlaxoSmithKline (NYSE:GSK)– one of the world's leading research-based
pharmaceutical and healthcare companies – is committed to improving the
quality of human life by enabling people to do more, feel better and live
longer. For further information go to us.gsk.com, follow us on
twitter.com/GSKUS or visit our blog (www.morethanmedicine.us.gsk.com/blog/).
@GSKUS

About Liberty Property Trust
Headquartered in Malvern, PA, Liberty is dedicated to enhancing people's lives
through extraordinary work environments.The real estate investment trust
(REIT) serves customers in the United States and United Kingdom through the
development, acquisition, ownership and management of superior office and
industrial properties. Liberty's 81 million square foot portfolio offers
exceptional locations and flexible design to more than 1,800 tenants in 680
properties. The company is a leader in the development of high performance
green buildings. For more information visit www.libertyproperty.com.
@LibPropTrust

About Synterra
Synterra Partners is a multi-disciplined firm that builds strategic
partnerships with market leaders in residential, commercial, hotel and retail
sectors leveraging expertise, relationships and track records. Founded in 1996
as an outgrowth of Synterra Ltd., Synterra Partners has earned an
extraordinary national and international reputation by working successfully
with public and private organizations to create innovative strategies for
complex development projects.

About Robert A.M. Stern Architects
Robert A.M. Stern, FAIA, is founder and senior partner of Robert A.M. Stern
Architects, a 230-person firm with an international reputation and wide
experience in residential, commercial, and institutional buildings. Working
with Liberty Property Trust and the Philadelphia Industrial Development
Corporation, the firm led the design team for the 2004 master plan for the
redevelopment of the Philadelphia Navy Yard and then served as design
architect for the office building at One Crescent Drive. The firm's work for
Liberty Property Trust also includes the design of Comcast Center in Center
City Philadelphia and a headquarters building for PPL in Allentown,
Pennsylvania. Mr. Stern is dean of the Yale School of Architecture.

About Francis Cauffman
Francis Cauffman, an award-winning architecture firm with offices in
Philadelphia, New York, and Washington, D.C., has supported its clients since
1954 with innovative architecture, planning, and interior design services. The
practice is recognized for being on the leading edge of new investigations in
workplace strategies and corporate research, corporate and advanced
technology, healthcare, and academic research and teaching. Francis Cauffman
has a staff of 130 architects, planners, and interior designers and is active
in 20 states and three countries. Francis Cauffman's clients include
multinational corporations, top healthcare systems and prestigious academic
institutions.
@FrancisCauffman

About The Navy Yard
The Navy Yard is a 1,200 acre, dynamic urban development, offering the
Philadelphia region a unique and centrally-located business campus with an
uncompromising commitment to sustainability. The Navy Yard is home to more
than 130 companies and 10,000 employees in the office,
industrial/manufacturing, and research and development sectors, occupying 6.5
million square feet of real estate in a mix of historic buildings and new
LEED® certified construction.
@NavyYardPhila
#TheYardPhilly

About The Navy Yard Corporate Center
The Navy Yard Corporate Center is a master-planned development within The Navy
Yard featuring state-of-the-art, sustainable multi-tenant and build-to-suit
office space, developed and owned by Liberty Property/Synterra, L.P., a joint
venture between Liberty Property Trust and Synterra Partners. During the last
ten years, six properties totaling over 557,000 square feet have been
completed or are under construction in The Navy Yard Corporate Center.

SOURCE GlaxoSmithKline

Website: http://us.gsk.com
Contact: GSK Media, Jennifer Armstrong, (215) 751 5664,
Jennifer.L.Armstrong@gsk.com; Liberty Media, Robbie Tarpley Raffish,
a.s.a.p.r., (410) 430 9705, robbie@asapr.com or Jeanne Leonard, Liberty
Property Trust, (610) 648 1704, jleonard@libertyproperty.com
 
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