PHILADELPHIA-MRA Group has agreed to sell TEK Park, a technology campus spanning 800,000 square feet in Pennsylvania's Lehigh Valley. Hamilton TEK Partners LP, MRA Group's affiliated entity, is selling the property to a New York-based investment group for more than $50 million.
The campus is situated in Breinigsville. MRA purchased the property for $9.3 million from TriQuint Semiconductor Inc. and converted the 137-acre compound into a tech center development. The property contains office space, R&D space, laboratory and clean-room accommodations and a data center. For the full story, go to Commercial Property Executive .
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