QUAKERTOWN, PA. — A joint venture of MRP Industrial and Cabot Properties has purchased a nearly 23-acre site in Quakertown for the development of a speculative two-building industrial facility that will total more than 260,000 square feet. Quakertown is approximately 47 miles north of Philadelphia and 14 miles south of Allentown. Known as Park 309, the facility is expected to be completed in late 2018. Brian Knowles and Andrew Komisor of Lee & Associates brokered the transaction on behalf of the joint venture. Building I is a 114,400-square-foot warehouse and building II is 145,800 square feet. Both buildings feature 32-foot clear heights and two drive-in doors.