RedGo Begins Construction at 50 Three Tun Road

RedGo Begins Construction at 50 Three Tun Road

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FRAZER, PA — RedGo Development has commenced construction of 50 Three Tun Road, a 24,000 square foot, $2.5 million project to be the first speculative structure that will complete phase one of the Three Tun Business Center complex at Routes 352 and 30 here.

According to Jim Reading, senior vice president for RedGo, 50 Three Tun Road is located on three acres and features a steel frame with a highly efficient insulated architectural panel exterior that will qualify the structure for LEED certification.

Consisting of six 4,000 square foot bays, the building will offer tenants from four to 24,000 square feet with individually controlled heating, ventilating and air conditioning, metered utilities, private entrances, 16’ clear ceilings and 10’ X 12’ drive-in loading doors to serve each bay.

Office areas can be custom designed, finished and decorated to accommodate virtually any business operating need.

50 Three Tun Road will be ready for fit-out by October 1 and 4- car per thousand parking has been pre-constructed on the site. Net rentals will begin at $7.00 per square foot depending upon tenant finish, Reading said. 

Last year, RedGo signed lease agreements with Shire Pharmaceutical, PLC, and Sophia’s Heritage Collection that completed the lease of the 32,500 square foot building at 30 Three Tun Road which RedGo acquired from Whitford Worldwide in 2006 and has fully renovated into class A flex office space. The firm then began construction of 40 Three Tun Road, a 21,000 square foot built-to-suit flex building that has been leased by Animal Critical Care and Specialty Group, Inc.

RedGo has also secured site plan approval for a 60,000 square foot building on six acres at 60 Three Tun Road which will begin phase two of the development, and a 52,000 square foot phase three structure on 5.5 acres at 70 Three Tun Road. Both those buildings will be built in response to market demand.

Financing for the construction of 50 Three Tun Road is being provided by M&T Bank of Villanova.

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