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MRA Group Secures $63M in Additional Financing for the Continued Redevelopment of Chestnut Run Innovation and Science Park

MRA Group Secures $63M in Additional Financing for the Continued Redevelopment of Chestnut Run Innovation and Science Park
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CBRE named leasing agent for Spring House Innovation Park

LOWER GWYNEDD — CBRE has been retained as the exclusive leasing agent for Spring House Innovation Park (SHIP), a 133-acre multi-tenant life sciences campus located along the Pennsylvania Turnpike Corridor at 727 Norristown Road in Spring House, Lower Gwynedd Township, Montgomery County. The property is owned by MRA Group, an experienced life sciences developer based in Horsham, and Beacon Capital Partners, a leading real estate investor, developer and manager. MRA Group acquired the former Rohm and Haas campus in 2017 and has successfully transformed it into a multi-tenant life sciences campus. Spring House Innovation Park is comprised of 14 buildings totaling approximately 600,000 –square-feet of existing laboratories, state-of-the-art research and development facilities, and Class A office space. The campus is occupied by an array of tenants including AgroFresh, Ben Franklin Technology Partners, ChromoTan Corporation, The Jefferson Institute for Bioprocessing, Keystone

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