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MRA Group Recapitalizes Spring House Innovation Park News provided by Share this article Share this article HORSHAM, Pa., Feb. 23, 2021 /PRNewswire/ -- MRA Group (MRA), a leading real estate solutions firm and developer of life sciences and health care real estate in the mid-Atlantic region, announced it has formed a joint venture partnership with Beacon Capital Partners (Beacon), on Spring House Innovation Park in Lower Gwynedd, PA. Spring House Innovation Park Aerial View of 133-Acre Life Science and Business Campus in Lower Gwynedd, Pennsylvania Larry Stuardi, founder and CEO of MRA stated, "MRA has been keenly focused on delivering life science and medical real estate for thirty years, however this is the first time that we have entered into a relationship with a nationally recognized equity partner." Stuardi went on to say, "our collective leadership teams bonded over having shared core values and an unwavering commitment to fully execute on the vision for Spring House Innovation Park, which is to continue making it the premier suburban life sciences campus in Philadelphia."
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.