Friday, October 12, 2012

Activity at Chesco Center as Building gets Leased Up

Shire Pharmaceutical and Sophia’s Heritage Collection signed onto leases at the Three Tun Business Center. The moves complete the leasing at the 32,500-square-foot office/flex building, and have the landlord looking to construct more buildings.
Three Tun at Route 30 and Route 352 in Malvern, Pa., is owned by RedGo Development Co.
Shire and Sophia’s Heritage leased 6,000 square feet each. The aggregate value of the two lease agreements exceeds $1.75 million.
The lease-up of the building and demand is prompting RedGo to move ahead with constructing two new buildings. It has started work on 40 Three Tun Road, a 21,000-square-foot flex building that is pre-leased to Animal Critical Care and Specialty Group Inc. It signed a 15-year deal. The building will be completed in the first quarter of next year.

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