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MBK In the News

Rockefeller Group, Mitsui Kick Off 2 MSF Development

Rockefeller Group and MBK Real Estate, a subsidiary of Mitsui & Co. Ltd., have started construction on the first phase of a 2 million-square-foot distribution campus in central Pennsylvania, dubbed Silver Spring Logistics Park. The partners had acquired a 182-acre former farmland site in Silver Spring Township, Pa., for the development. CBRE represented the seller, with a different CBRE team now handling the new development for sale or lease.

Work is now underway on an 803,520-square-foot building and another one at 318,060 square feet. The two are slated to come online by spring 2026. The third building, at 892,620 square feet, will follow.

“While the current economic climate for industrial is absolutely challenging, development deliveries run throughout real estate cycles,” Rockefeller Group Vice President & Regional Director of North Central Development Heath Abramsohn told Commercial Property Executive.

Rockefeller’s strategy with Silver Spring is to deliver a Class A product in an already supply-constrained submarket, Abramsohn said, and thus the project will be delivered (mid-2026) when the company believes there will be greater macro market stabilization.

Silver Spring Logistics Park rises at Carlisle Pike/U.S. Route 11, roughly 3 miles from its junction with Interstate 81. The site is about 20 miles from Harrisburg International Airport, and a little less than 90 miles from the Port of Baltimore.

MBK In The News