MR3 Improvement buys River Ridge Tract – WISH-TV | Indianapolis Information | Indiana climate
by: Reed Parker, Inside INdiana Business
Posted: Apr 8, 2021 / 12:11 PM EST / Updated: April 8, 2021 / 12:11 PM EST
CHARLESTOWN, IND. (Inside INdiana Business) – Pittsburgh-based MR3 Development has agreed to purchase property in the River Ridge Commerce Center in Jeffersonville. The company plans to build a 210,000 square meter cross-dock industrial facility.
MR3 says it bought just over 15 acres of land last month, marking its entry into the Louisville, South Indiana region. MR3 has an office in Indianapolis and currently has active projects in six states.
According to MR3, the sale for River Ridge will generate nearly $ 1.7 million in revenue that will be used for infrastructure operations and development. River Ridge Executive Director Jerry Acy says they welcome another developer to join the center.
“MR3 has a strong national track record and will help River Ridge build connections in key industries. MR3’s significant investment once again confirms that River Ridge is a great place to do business and a great place to call home, ”said Acy.
According to MR3, construction of the new facility is expected to be completed in the fall.