More Leases at Linfield Office Campus

More Leases at Linfield Office Campus

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ROYERSFORD, PA — RedGo Development is pleased to announce two leases at Linfield Office Campus in Royersford, Limerick Township, Pa. Emerson Process Management, a division of Fortune-500 company Emerson Electric, a diversified global manufacturing and technology company, leased 11,000 sf of class A space. This lease signifies an expansion for Emerson, who occupies space  at 103 Enterprise Drive. Emerson is a leading global supplier of products, services, and solutions that measure, analyze, control, automate, and improve process-related operations.

Says Jim Reading, Senior Vice President of RedGo, “We are pleased with the execution of the second major tenant.  To take a building from dirt to 68% leased in such a short time period, and in this market climate, speaks highly of the project” GVA Smith Mack Senior Director John Susanin represented RedGo, and John Morrissey, Founding Partner of Jackson Cross Partners, represented Emerson. The aggregate rental rate for the seven-year lease was not disclosed.

Phoenixville Medical Associates, a twenty-two physician family practice with six offices, leased 10,000 sf of class A medical space at the Office Campus. John Susanin of GVA Smith Mack again acted on RedGo’s behalf, and the team of Adam Shute and Taylor King, both Senior Directors at Smith Mack, represented the tenant in this dual-agency agreement. The aggregate rental rate was not disclosed for this ten-year lease.

This transaction came about as a relocation of one of their offices.

“These two recent lease transactions bring Linfield Office Campusup to sixty eight percent occupied,” according to Fred Goebert, President of RedGo. There is, however, still 11,000 sf of class A space still available for fit-out which can be demised, and RedGo does have other property availabilities in the 422 corridor and surrounding greater Philadelphia area.

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