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MRP Realty Branches Into Industrial

BALTIMORE, MD-The new enterprise is hoping to do about $100 million in deals over the next year, Dan Hudson tells GlobeSt.com's Erika Morphy.

By Erika Morphy | Updated on September 09, 2013

BALTIMORE, MD-MRP Realty has created a new company called MRP Industrial. It will be led by former Panattoni Development Co. executives Dan Hudson and Reid Townsend and will have, as the name suggests, a focus on industrial properties in the Mid-Atlantic region.

“We have seen dramatic growth in terms of occupancy and value in the industrial asset class,” Hudson tells GlobeSt.com. “There are many institutional capital sources seeking these assets right now. We see more opportunity in this area than other assets.”

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