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

Posted on by

WILMINGTON, Del., Aug. 16, 2023 /PRNewswire/ — MRA Group (MRA), a privately held real estate development and client services firm, announced it has secured $63M in additional debt for the ongoing redevelopment of Chestnut Run Innovation & Science Park (CRISP), the 164-acre, 14-building campus which is quickly becoming northern Delaware’s premier applied sciences hub. The favorable financing secured in the current debt market reflects the caliber of MRA’s portfolio and strength of MRA’s relationships with financial partners. Fulton Bank in conjunction with Nuveen Green Capital through C-Pace financed $50M, while the remaining $13M was provided by WSFS Bank.

Read the full article in the PRNewswire.