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MRA Group to Redevelop DuPont's Delaware Lab Campus


MRA Group to Redevelop DuPont’s 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 DuPont’s 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 DuPont’s deal for Delle Donne & Associates to acquire the lab portion of the property for redevelopment unraveled. ....

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DuPont to sell Chestnut Run labs to Pennsylvania developer after previous deal fell through


DuPont to sell Chestnut Run labs to Pennsylvania developer after previous deal fell through
Brandon Holveck, Delaware News Journal
A look at the development projects in New Castle County Delaware Online/The News Journal is tracking entering 2021
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Months after a deal to sell its Chestnut Run laboratories off Route 141 fell through, DuPont has found a new buyer.
The company intends to sell the Chestnut Run lab buildings and property – located within its campus headquarters – to Pennsylvania developer MRA Group.
MRA Group announced the move Tuesday morning, saying it has signed a letter of intent for a deal it expects to close by the third quarter of 2021. It did not share the terms of the sale. ....

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