Nelson Way Joins Ensemble Real Estate Investments as Director of Leasing and Development at the Navy Yard
PHILADELPHIA – December 13, 2021 – Ensemble Real Estate Investments today announced that Nelson Way has joined the firm as Director of Leasing and Development. He will oversee leasing of the company’s existing portfolio at the Navy Yard where Ensemble is the largest private landlord. The company’s Navy Yard portfolio includes life science, hotel and office properties. To date, the company has developed, acquired, or is in development of 14 properties totaling 1.3 million square feet.
Way’s role will also incorporate leasing and development for the company’s partnership in Ensemble/Mosaic, a joint venture between Ensemble and Mosaic Development Partners. Ensemble/Mosaic is the master developer of $2.5 billion, 109-acre mixed-use development at the Navy Yard. Development will begin during then next few months on life science/laboratory projects and the recently announced 611-unit residential complex.
“Nelson is a much-welcomed addition to our team,” said Mark Seltzer, Sr. Vice President. “His extensive experience leasing commercial properties and cultivating relationships will be invaluable as we expand our leasing and development capacity in the Navy Yard.”
Way comes to Ensemble from Workspace Property Trust where he managed the leasing of a 40-building, 2.5 million square foot portfolio of office, flex and life sciences. While there, he executed more than 2.2 million square feet of lease transactions valued at a total of $250 million.
His first role in commercial real estate was at a global brokerage firm, representing both tenants and landlords. He began his career in the pharmaceutical industry, an experience that proved valuable to his understanding of life science tenant requirements as he moved into leasing roles.
He earned a Bachelor of Business Administration, Management Entrepreneurship from the University of Notre Dame. He is a member of NAIOP where he has served on the Developing Leaders Board and is a member of the Notre Dame Club of Philadelphia. A Philadelphia-area native, Way is married with two children.
Additional Background: Ensemble/Mosaic is the master developer of a 109-acre mixed-use development at the Navy Yard. In 2022, the partnership will begin to execute its $2.5 billion development plan starting with a 140,000 square foot speculative laboratory and office development at 1201 Normandy Place. Ensemble/Mosaic ultimately envisions approximately 3,000 residential units and nearly three million square feet of life science manufacturing, R&D, office, hotels, makerspace and retail space when complete.
About Ensemble Real Estate Investments
For more than 40 years, Ensemble has successfully invested and developed more than $2 billion in real estate across the United States, offering innovative property solutions in the healthcare/life science, hospitality, commercial, multi-family and mixed-use sectors. The company has revolutionized the art of master planning, delivering iconic and strategically engineered facilities and beautifully preserved historic buildings—all designed to transform and inspire the communities it serves. Headquartered in Long Beach, Ca., Ensemble has offices in Philadelphia, Phoenix, Las Vegas, and Reno. For more information, visit www.ensemble.net.
About the Navy Yard
The Navy Yard is home to nearly 15,000 employees and 150 employers occupying 7.5 million square feet of office, retail, industrial, R&D, and institutional space. Major employers include Urban Outfitters (headquarters), Jefferson Health, WuXi Advanced Therapies, Iovance, Adaptimmune, Axalta’s Global Innovation Center, as well as critical U.S. Navy engineering centers, technology startups and a Penn State University Campus. The Navy Yard benefits from access to a large, diverse talent pool, Philadelphia International Airport and Interstates 95, 76 and 476. Amenities include restaurants and cafes, a riverfront greenway, free shuttle access, bikeshare and 20 acres of open green space. The collaborative community benefits from health and wellness programs, rotating public art installations and curated food trucks, and hosts a variety of food, fitness, and philanthropic events in its parks. For more information about the Navy Yard, visit www.navyyard.org and follow on Twitter at @NavyYardPhila.
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