L’Oreal’s Body Shop Expansion
MRP Industrial is developing a 160,000 SF expansion of 75 Steamboat Boulevard on behalf of Global Logistics Properties (GLP) and L’Oreal. The original 193,000 SF property was acquired by the principals of MRP Industrial and repositioned as a value-add opportunity. L’Oreal USA/Salon Centric occupied the facility in September 2012, and upon stabilization the property was sold to Industrial Income Trust (IIT).
In 2015, the current owner, GLP, came back to the principals of MRP Industrial and engaged the company for entitlement and expansion of the facility. The 160,000 SF expansion is for L’Oreal’s Body Shop brand that delivered in early 2017.