MRA Group Acquires DuPont Campus in Wilmington, Delaware | State

Horsham, Pennsylvania, November 30, 2021 / PRNewswire / -MRA Group (MRA) announced that it has terminated the acquisition of Chestnut Run Lab Campus at 984 Center Rd in DuPont. Wilmington, Delaware, And embarked on an ambitious thing $ 500 million Redevelopment plan. Renamed the Chestnut Run Innovation & Science Park (CRISP), the 163 acre campus has approximately 780,000 square feet of existing lab, research, and advanced manufacturing space.

Is in Greenville Area of Wilmington, Chestnut Run Innovation & Science Park is 4 miles west. Central Wilmington, Delaware, And just ¼ miles south of Burley Mill Plaza. We are currently developing more than 110 residential units and commercial spaces, including the first Wegmans supermarket in the region.

“We realized the amazing potential of our campus to meet the local demand for market-ready life sciences and advanced manufacturing facilities, especially when combined with its excellent location along the I-95 Corridor,” he said. Mike Wojewodka, MRA Group Executive Vice President and Partner. “”Northern Delaware It is ideally positioned to emerge as a hub for life sciences, R & D, and pharmaceutical companies. A deep pool of educated and experienced professionals is an incredible asset for the companies here. “

Wojewodka believes the CRISP campus will go further Delaware Attractive for innovative companies around the world. The development plan includes shared amenities to facilitate interaction and collaboration between the tenant and the surrounding community. DuPont will continue to maintain its campus presence by leasing approximately 190,000 square feet in the two buildings.

This is MRA’s third major campus redevelopment, reinventing the 133-acre 600,000-square-foot Springhouse Innovation Park. Lower Warg Winned Township, PA, and 137 acres, 800,000 sq ft TEK Park Lehigh Valley, PA. MRA leverages and enhances existing infrastructure to create state-of-the-art Life Science Institutes, scientific research facilities, and Class A office spaces. Planned campus facilities include hotels, fitness centres, conference spaces, outdoor amphitheaters, and food service accommodations such as restaurants and eateries.

“We are excited to be back Delaware I am grateful to have such a great opportunity to lead such an influential project, “said the founder and CEO of the MRA Group. Lawrence Stuardi.. “Our vision for CRISP sets new standards for innovative campus redevelopment in the region. Delaware Leading the biotechnology and science hub while providing a compelling community experience. “

“As the current property manager, we prioritize meeting members of the local community to discuss our vision for the future development of the campus, seek feedback, and answer any questions that may arise,” said Wojewodka. I added.

Renovations will begin soon and the first rebuilt building will be occupied at the end of the summer of 2022. MRA is in active discussion with several life sciences and research companies. For more information on Chestnut Run Innovation & Science Park, please visit the campus website.

MRA Group (MRA), Horsham, PennsylvaniaIs a privately held, multidisciplinary real estate solutions company serving the life sciences, healthcare and higher education sectors. Founded in 1991 by President and CEO Lawrence J. Stuardi, MRA is proud to maintain the same high level of integrity and excellence that has led to its recognition as one of the most respected real estate companies in the Mid-Atlantic region. MRA has been providing clients with a variety of real estate solutions from development to advisory and management services for 30 years. 4.5M Square feet of medical, life sciences, office real estate under control, $ 1 billion Of funding. Recent notable development projects include Spring House Innovation Park, Holy Redeemer Medical Building on 201 Veterans Way, and Pennovation Lab. University of Pennsylvania St. Clair Medical Office Building at Pennovation Works Campus, TEK Park, Oxford Valley Medical Plaza, St. Mary Medical Center. For more information,

MRA Group Acquires DuPont Campus in Wilmington, Delaware | State

Source link MRA Group Acquires DuPont Campus in Wilmington, Delaware | State

Related Articles

Back to top button