MRA Group to Redevelop DuPontâs Delaware Lab Campus
After completing a partial sale-leaseback, the firm plans to reposition the unoccupied buildings into a premier life sciences complex.
Dec302020
Image courtesy of MRA Group
MRA Group announced it has signed a letter of intent to acquire the Chestnut Run Laboratory campus, a collection of lab buildings within DuPontâs 220-acre corporate headquarters complex in Wilmington, Del.
MRA will purchase the 800,000-square-foot segment in a partial sale-leaseback transaction, with plans to redevelop the site. Neither MRA nor DuPont has disclosed the sale price.
The agreement comes several months after DuPontâs deal for Delle Donne & Associates to acquire the lab portion of the property for redevelopment unraveled.