Seddon Developments has bought a 4.12-acre development site at Matrix Park in Chorley for an undisclosed sum.
Seddon acquired Plot 3000, a former BAE defence systems site, from Harrow Estates, which is part of the Redrow Group.
The site has outline consent for office, industrial, as well as distribution and storage uses. Seddon Developments intend to apply for consent for a 75,000 sq ft commercial development.
Matthew Dobson, property partner at Brabners Chaffe Street, who advised Seddon Developments on the deal, said: "Despite the tough market conditions, Seddon Developments continues to show an appetite for development sites, spurred on by the success of their scheme at Axis Point, Heywood. They are continuing to buck the trend and we understand they intend to carry out some speculative development on site in early 2012."
Daniel Burn of Jones Lang LaSalle advised Harrow Estates.