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RedGo Plans to Add 137,000 SF on 24 Acres

FRAZER, PA-The developer paid $4.4 million for two buildings aggregating 60,000 sf in the Three Ton Business Center.

By Marita Thomas | Updated on July 20, 2006

FRAZER, PA-West Chester-based RedGo Development acquired a 24-acre parcel containing two buildings that aggregate 60,000 sf at 33 Sproul Rd. in the Three Ton Business Center. It plans to develop an additional 137,000 sf of new office and flex space on the remaining acreage.

Jim Reading, president of RedGo, tells GlobeSt.com it paid the seller, Whitford Worldwide, $4.4 million. Whitford now occupies the buildings, but will vacate them and relocate to a 200,000-sf building in Elverson, about 20 miles west of here.

RedGo plans to convert the 41,000-sf existing manufacturing facility into multi-tenant flex space with units ranging from 3,000 sf to 27,000 sf, and renovate the 18,000-sf existing office building, both of which are approximately 25 years old. Reading says the new construction will consist of four buildings–two office and two flex. “We have a lot of approvals to go through,” he says, and anticipates construction will take place between 2007 and 2009.

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