PHILADELPHIA — Colorcon Inc. has finalized plans for a new global headquarters in Lower Salford.
The company, which makes coatings for candy and medicines, is commencing construction on an 89,000-square-foot building that is designed to partially be built into the side of a hill, making a portion of it single story and another two stories. Wulff Architects is the designer.
The company is working on a master plan. The new structure, which will sit on 25 acres at Ruth and Clements roads addresses part of that since it has outgrown three other buildings it operates out of in nearby West Point. It employs 300 people, some of whom will shift to the new building, and anticipates continuing to grow.
“It’s time to get a new space and update the R&D labs,” said David Butler, senior global project engineering manager. The building will house the private company’s headquarters, data center and research and development facilities, Butler said.
Colorcon, which has been in that part of Montgomery County, is owned by Berwind Corp. of Philadelphia. The building will be completed by September 2009.
Ground up
Delaware County Community College is set to break ground on a $50 million facility dubbed the STEM complex.
STEM is derived from Science, Technology, Engineering and Math. The two-building complex is part of a local and statewide effort to create a facility that will be a center for educational programs in biotechnology, nanotech, genetic, environment and other science-related fields that are anticipated experiencing the greatest growth over the next decade.
The college is constructing a 105,000-square-foot science building and a 32,000-square-foot technology building on its main campus in Marple.
The fine print
A portfolio of three Center City apartment buildings changed hands. Cypress Court at 23rd and Spruce streets, Beacon Hill at 1330 Pine St., and Lippincott Court at 19 S. Bank St., which combined have 76 apartments and two commercial spaces, sold for $9.57 million. Mallin Panchelli Nadel arranged the transaction.
Natalie Kostelni, Reporter
Philadelphia Business Journal
