Northeast Times

Drug company ready to build distribution complex

Shovels in the ground by Septem­ber.

For some months, that had been the talk about an in­ter­na­tion­al phar­ma­ceut­ic­al com­pany’s plans to build a mul­ti­mil­lion-dol­lar dis­tri­bu­tion cen­ter on the grounds of a former Red Li­on Road golf course.

On Tues­day, Sept. 27, the dig­ging star­ted when Teva North Amer­ica broke ground at what was once the Is­land Green Golf Course and, fur­ther in its past, a Budd Co. plant that man­u­fac­tured rail­road cars. May­or Mi­chael Nut­ter, City Coun­cil­man Bri­an O’Neill (R-10th dist.), U.S. Rep. Allyson Schwartz (D-13th dist.), state Sen. Mi­chael Stack (D-5th dist.) and oth­ers joined Teva’s North Amer­ic­an CEO, Wil­li­am Marth, for the ce­re­mony.

The new dis­tri­bu­tion fa­cil­ity will be great for Teva and great for the city, Marth said.

Cer­tainly great for the city, the may­or said, call­ing the Teva pro­ject the biggest eco­nom­ic de­vel­op­ment of his ad­min­is­tra­tion.

ldquo;I could not be more ex­cited,” Nut­ter said. “I love Teva.”

Plans to erect the gi­ant ware­house at the Somer­ton site were an­nounced last fall, but the Is­raeli-based gen­er­ic-drug man­u­fac­turer didn’t buy the prop­erty un­til mid-Au­gust. The com­pany paid $40 mil­lion for the land.

In Oc­to­ber 2010, city and state of­fi­cials said the com­pany would spend $300 mil­lion to build and equip its 1.1 mil­lion-square-foot North Amer­ic­an dis­tri­bu­tion cen­ter. The pro­ject is ex­pec­ted to bring up to 600 con­struc­tion jobs to the city as well as 400 per­man­ent po­s­i­tions when the Teva fa­cil­ity opens in mid-2013. ••

You can reach at jloftus@bsmphilly.com.

comments powered by Disqus