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CSC Purchases Downtown Wilmington Office Building

February 3, 2020 GMT

WILMINGTON, Del.--(BUSINESS WIRE)--Feb 3, 2020--

CSC, a world leader in business, legal, tax, and domain name security, today announced the purchase of 112 S. French Street in the City of Wilmington—the PA Railroad Building. The building is 43,000-square-feet with six floors and stands adjacent to the Wilmington train station served by Amtrak and SEPTA.

“CSC is encouraged by and committed to investing in the growth of the City of Wilmington,” says Rod Ward, CEO of CSC. “We’re excited about bringing CSC into the heart of the city and the prospects of attracting employees and new business to the area. This adds another destination for a new generation of entrepreneurs and business startups.”

According to CSC Vice President Scott Malfitano, CSC Station, as the building will be referred to, will undergo multi-million dollar renovations scheduled to be complete in Fall 2020, and will include a new two-story atrium and upgrades to equipment and infrastructure throughout.

“The fact remains that Delaware is a great place for businesses of all sizes to put down roots, grow, and create good-paying jobs,” says Governor John Carney. “We have a world-class workforce, a central location, and a quality of life that is second to none. We’re really pleased with this investment from CSC, which is another vote of confidence in our state, in the City of Wilmington, and the potential for growth in our largest city.”

The first two floors will be transformed into inspirational and energetic co-working space, including hot desks, event space, and a variety of offices and conference rooms. CSC will also develop an innovation hub that will be available to its teams around the world.

“We are very pleased to welcome this long-established Delaware company to Wilmington,” says Mayor Mike Purzycki. “CSC has a wonderful reputation worldwide, nationally, and here at home. We are grateful to CSC for expressing confidence in our city and acknowledging the progress we are making by becoming part of Wilmington’s exciting future.”

CSC has enjoyed tremendous growth since its founding in Wilmington in 1899, and continues to deepen its roots in the area. In 2017, CSC built its new state of the art, 148,000-square-foot facility that sits on nearly 40 acres in Wilmington at the corner of Lancaster Pike and Centerville Road. In 2016, CSC acquired the three-story office building at 2801 Centerville Road and completed renovation in January 2020.

About CSC

CSC is the world’s leading provider of business, legal, tax, and digital brand services to companies around the globe. From keeping your business in compliance and streamlining operations, to protecting and promoting your brand online, we use our expertise and personal approach to help your business run smoother. We are the business behind business®. We are the trusted partner for 90% of the Fortune 500®, more than 65% of the Best Global Brands (Interbrand®), nearly 10,000 law firms, and more than 3,000 financial organizations. Headquartered in Wilmington, Delaware, USA, since 1899, we have offices throughout the United States, Canada, Europe, and the Asia-Pacific region. We are a global company capable of doing business wherever our clients are—and we accomplish that by employing experts in every business we serve.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200203005654/en/

CONTACT: Laura Crozier

Public Relations Manager

(302) 636-5401 x. 65526

CSC® News Room

KEYWORD: DELAWARE UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: DATA MANAGEMENT COMMERCIAL BUILDING & REAL ESTATE ACCOUNTING TECHNOLOGY CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES OTHER TECHNOLOGY SOFTWARE NETWORKS INTERNET FINANCE

SOURCE: CSC

Copyright Business Wire 2020.

PUB: 02/03/2020 12:34 PM/DISC: 02/03/2020 12:34 PM

http://www.businesswire.com/news/home/20200203005654/en