AMB executives were not immediately available to comment on thedeal. Grubb & Ellis' latest figures have industrial space inthe Lehigh Valley area going for $4.68 per sf. AMB's average USrents come in at $6.47, according to the company's supplementalreport released earlier this month.
Cooper Tire likes the site due to its "major regionaldistribution transportation routes and proximity to populationdensities in the Northeast and Mid-Atlantic," says Mark Plesec,manager of the company's distribution operations, in a statement.The company has nine distribution centers across the country.
In the AMB deal, Bob Mohr and Drew Thomas of Mohr Partnerrepresented Cooper Tire. Joe McDermott and Vince Ranalli of CBRichard Ellis represented AMB.
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