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MRP Industrial-Clarion Partnership to Develop Spec Warehouse in Maryland

MRP Industrial plans to construct the single-story building on a site that formerly contained a Class B, 244,000-square-foot block and metal warehouse, which collapsed from structural failure after a heavy snow storm in 2016.

A rendering of the speculative office building at 7951 Oceano Ave. in Jessup, MD. A rendering of the speculative office building at 7951 Oceano Ave. in Jessup, MD.

JESSUP, MD—A partnership of Baltimore-based MRP Industrial and Clarion Partners LLC of New York City has acquired an 11-acre site here with the intention of building a new speculative 175,200-square-foot warehouse/industrial building to take advantage of strong tenant and investment demand in the region.

The MRP-Clarion partnership acquired the site at 7951 Oceano Ave. within the Maryland Food Center near the intersection of MD Route 175 and US Route 1 for an undisclosed price. Mark Levy, executive managing director and market leader of commercial brokerage firm JLL, represented the seller in the transaction.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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