One of Delaware’s fastest-growing companies has acquired an important piece of real estate that will enhance its access to talent that may not make Wilmington their home.
Business services powerhouse CSC’s purchase of the Pennsylvania Railroad Building at 112 S. French Street – adjacent to the Wilmington train station – gives the global company a major footprint in the city. The 43,000-square-foot, six-floor building will allow the company to appeal to young tech talent that may live in Philadelphia or elsewhere, and choose to commute to Wilmington by train.
A CSC spokesperson said the company would not be moving employees from their headquarters on Lancaster Pike northwest of town, where they opened a new 148,000-square-foot, 40-acre facility in 2017. She said the new downtown presence would be key “in recruiting employees and attracting new businesses to the area” and that the site would be “an innovation hub that will be available to our teams around the world for special projects—and a destination for entrepreneurs and startups.”
The company said “multimillion-dollar renovations” will be completed by the Fall, to include a two-story atrium and equipment and infrastructure upgrades. The new layout will feature co-working and event space and a range of work and conference rooms.
There is currently one tenant in the building with another vacating.
CSC CEO Rod Ward said the company is “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.”
Both Governor John Carney and Wilmington Mayor Mike Purzycki expressed delight at the news of CSC’s purchase.
“We are very pleased to welcome this long-established Delaware company to Wilmington,” said 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 was founded in Wilmington in 1899.