/PRNewswire/ MRA Group (MRA) announced that they have closed on the acquisition of DuPont s Chestnut Run Lab Campus located at 984 Centre Rd in Wilmington,.
Northern Delaware Is Growing Its Own Life Sciences Industry Rather Than Waiting For Overflow From Philly
“I’m always surprised at how separate the Wilmington area is from the city and the Pennsylvania suburbs,” Buccini/Pollin Group co-President Chris Buccini told
Bisnow. “Especially considering how many people live in Philly and work in Delaware and vice versa, Wilmington always is considered very separate … It’s the funniest thing.”
What Northern Delaware does have is two reliable sources of talent and startup companies: The University of Delaware and DuPont, the leftover company from the 2017 merger of DuPont and Dow Chemical and subsequent spinoff into three separate entities. Just as the University of Pennsylvania and Children’s Hospital of Philadelphia birthed the cell and gene therapy boom, Delaware’s own growth in life sciences resembles its major pillars.
LOWER GWYNEDD â 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 âsquare-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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