08.16.21

Marlboro Development Team, Inc. Completes Sale-Leaseback with RMC Advanced Technologies Inc. in Newton, NC

Spartanburg, SC – August 17, 2021 – Marlboro Development Team, Inc. (MDT) is pleased to announce the commencement of a long-term lease for a 65,344 square foot manufacturing facility with RMC Advanced Technologies Inc. (RMC).  The facility, located at 1400 Burris Road in Newton, NC, was acquired via a sale-leaseback between RMC and MDT.

RMC, a subsidiary of NanoXplore Inc. (NanoXplore) headquartered in Montreal, Canada, is an international manufacturer of graphene-enhanced plastics and composite products for industrial and transportation markets.  The Catawba County facility will serve as the U.S. headquarters for RMC and produce body and hood components for major North American truck and bus manufacturers.  As part of the transaction, significant real property improvements are being performed which will aid in the functionality of the property and the company’s growth.  RMC was represented by the Newmark Group on this transaction.

“We are thrilled to have found MDT as a partner for our operations in Newton. This newfound partnership will be key to our expansion in the U.S.”, said Rocco Marinaccio, Chief Operating Officer of NanoXplore.

“MDT is ecstatic to begin this long-term partnership with RMC in Catawba County, North Carolina,” said Kyle Edney, Executive Vice President of Marlboro Development Team.  “We pride ourselves on being a conduit for economic development and this partnership with RMC exemplifies that as they continue to grow and invest in their first U.S. operations.”

About NanoXplore Inc. and RMC Advanced Technologies Inc.

NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in industrial markets, as well as standard and custom graphene-enhanced plastic and composite products. NanoXplore has manufacturing facilities in Canada, Switzerland, and the U.S. and employs approximately 400 people. RMC Advanced Technologies is a wholly owned subsidiary of NanoXplore.  RMC Advanced Technologies produces and sells composite components for the heavy-duty truck, coach, transit and bus, machinery, agriculture and wind energy markets.

About Marlboro Development Team, Inc.

Marlboro Development Team is a South Carolina based real estate developer focused on single tenant build-to-suits, value-add acquisitions, and strategic investments throughout the United States.  The senior management of MDT has a proven track record of 100+ years of development experience with successful delivery of over 13 million square feet across a broad spectrum of development projects including industrial, retail, and commercial.