The principals of MRP Industrial on behalf of a private investors, acquired a 38 acre property at 2700 Yetter Court in Cumberland County, Pennsylvania. The property was fully approved for development of a 544,600 square foot cross dock distribution building and was actively marketed for build-to-suit development. Due to its advanced approvals and in-fill location, the site became an attractive option for a new repacking operation for Royal Ahold’s Giant Food Stores division. The principals negotiated a direct sale of the property to Royal Ahold in June 2012, which self-managed construction of the specialized facility.
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This post was written by Ecendant