iPure Labs, Inc. Executes Joint Venture for Waldorf 2 Commercial Project
iPure Labs, Inc. (OTC: IPLB) announced on July 29, 2021, that its subsidiary Sora Ventures has secured an equity interest in the Waldorf 2 Commercial Real Estate Project located in Prince George County, Maryland. This equity position follows a Memorandum of Understanding established with Mark Vogel Acquisitions, LLC. The site, part of the Waldorf Technology Park, spans 2 acres within a 60-acre mixed-use development featuring brands like Marriott and CVS. CEO Thomas Fore expressed enthusiasm for the partnership and the planned 17,000 square foot commercial office project, anticipated to begin construction in Spring 2022.
- Secured equity interest in a strategic 2-acre commercial site.
- Partnership with Mark Vogel Acquisitions expected to drive future growth.
- Plans for a 17,000 square foot commercial office project to commence Spring 2022.
- None.
BALTIMORE, July 29, 2021 /PRNewswire/ -- iPure Labs, Inc. (OTC: IPLB) subsidiary Sora Ventures, LLC has secured an equity interest in the Waldorf 2 Commercial Real Estate Project in Prince George County, Maryland. In conjunction with the previously announced Definitive Memorandum of Understanding on July 8, 2021 with Mark Vogel Acquisitions, LLC, Sora Ventures has secured an equity position in this project.
Mr. Fore stated, "We are delighted to be working with Mark Vogel on yet another quality project in Maryland. The subject site is a 2-acre commercial site in the Waldorf Technology Park, a robust 60-acre mixed-use development, which is located in Waldorf, Maryland and is home to commercial office as well as such retail brands as Marriott, Panera, Chilis, CVS, Silver Diner, LA Fitness and many others"
CEO Thomas Fore went on to say, "We are excited about the quality of these opportunities within our relationship with Mark Vogel Acquisitions. Sora Ventures is committed to its strategic partnership with Mark Vogel Acquisitions and we look forward to completing a planned 17,000 square foot commercial office project in this key commercial center which we expect to start building in the Spring of 2022."
About iPure Labs, Inc.: a Real Estate company focused on multi-million dollar "develop to own" projects through its subsidiary, Sora Ventures. The company also offers Real Estate Advisory Services via its subsidiary, TideRock Development. iPure Labs, Inc. (OTC Pink: IPLB) is headquartered in Baltimore, MD., and can be contacted at www.ipurelabs.com or by phone at (800) 791-8433.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
For more information:
iPure Labs, Inc.
Thomas B. Fore, CEO
Email: info@ipurelabs.com
Phone: +1(800)791-8433
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SOURCE iPure Labs, Inc.
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