MRA GROUP SELLS TEK PARK FOR MORE THAN $50M

BREINIGSVILLE, PA. — A New York-based investment company has purchased TEK Park, a technology office campus in Breinigsville, for more than $50 million. The seller, MRA Group, had purchased the property in 2005 for $9.3 million and rebranded it TEK Park. The 137-acre property is reported to have cost more than $300 million to construct. The campus is 90 percent occupied and more than 600 area residents are employed onsite.