RedGo Portfolio Expansion Continues in 422 Corridor

RedGo Portfolio Expansion Continues in 422 Corridor

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ROYERSFORD, PA — RedGo Development announces the purchase of 508 North Lewis Road in Royersford, Limerick Township, Pa. from Jadko Realty Corporation of Limerick, Pa. The seller was represented by broker Paul French of Binswanger, and Gregg D’Ascanio, a Vice President at Fidelity Commercial, acted on behalf of RedGo. According to RedGo’s Fred Goebert, the firm anticipates renovating the existing 70,000-sf manufacturing building and developing the existing acreage to its full extent.

The North Lewis Road project will promptly undergo an exterior renovation of the existing outer façade. A new landscape design plan for the property is also being implemented. In the immediate future, the existing facility is available for lease, and several prospects have inspected the facility to-date.

With 70,000 sf of flex space available and 3,000 sf of office, the project’s lease rates are competitive with those of other properties in the marketplace. Jim Reading of RedGo Development reveals “there’s been high traffic and activity levels so far…there is abundant frontage and visibility to the 422 corridor.” He adds that “the new acquisition is across the by-pass from the Linfield Office Campus,” where RedGo is currently leasing a new 36,000-sf class A, multi-tenant office building.

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