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MRA Group sells its TEK Park for $50M-plus

An affiliate of Horsham-based MRA Group said it sold the 800,000-square-foot TEK Park in Breinigsville, Lehigh County, to a New York investment group for more than $50 million.

    by Inquirer Staff Report
    Published 

An affiliate of Horsham-based MRA Group said it sold the 800,000-square-foot TEK Park in Breinigsville, Lehigh County, to a New York investment group for more than $50 million.

Tenants include Buckeye Partners L.P., CyOptics Inc., and Kutztown University.

MRA bought the once largely vacant 137-acre property, which had been built by AT&T in the late 1980s as a Bell Labs research center, for $9.3 million in July 2005.

- Mike Armstrong