Donna Karstetter Colona Named V.P. of Operations at RedGo

Donna Karstetter Colona Named V.P. of Operations at RedGo

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WEST CHESTER, PA — Donna Karstetter Colona, an experienced commercial real estate development and management executive, has been named Vice President of Operations for RedGo Development that maintains its corporate headquarters here in West Chester.

Fred Goebert, president of RedGo, announced the appointment noting Karstetter Colona’s more than 20 years of experience in commercial/industrial property development and management that has included senior positions beginning with Rouse & Associates, now Liberty Property Trust (NYSE: LRY).

At Redgo, Karstetter Colona will be responsible for supervising the daily operations of a residential, commercial, industrial and residential developer with projects underway in southeastern Pennsylvania and southern New Jersey. The company recently purchased 32-acres in Berlin, Camden County, NJ for future development and is currently in the approval process for a 327-unit senior living facility and health care center with 70,000 square feet of office/retail in Limerick Township PA. That project is scheduled to break ground later this year.

Karstetter Colona holds a Bachelor of Science Degree in Accounting from St. Joseph’s University and a Master of Business Administration from Eastern University in St. Davids. She began her real estate career in 1980 in the accounting department of Norwood Construction and in 1984 became controller for RealProp Management, a division of Rouse & Associates. Her subsequent positions have included controller with The Nichols Company in Plymouth Meeting and Stoltz Management Company and its affiliates.

Since 2000, Karstetter Colona has served as controller and Information Technology Manager for E. Allen Reeves, a commercial/industrial and residential construction firm headquartered in Abington.

At RedGo, Karstetter Colona will be responsible for directing the operations of the firm’s in-house construction and property management divisions that distinguish the organization’s unique efficiencies that contribute to its flexibility, streamline approval processes and quality construction that is the hallmark of every development initiative.

Leading a private real estate investment partnership, RedGo Development recently acquired five buildings aggregating approximately 105,000 square feet of class B space within the nine-building Continental Business Center in King of Prussia and completed the re-development of selected structures into class A flex/office area.

615 Willowbrook Ln, West Chester PA 19382 Phone: 610.436.6100 Fax: 610.436.1186