By Evan Jones | ejones@mcall.com | The Morning Call
A south Bethlehem industrial building that had an uncertain future has been sold to a German pharmaceutical technology company.
GfM Bremen, which specializes in the micronization process for the pharmaceutical industry, bought the former IQE Building at 119 Technology Drive for $5.52 million, commercial real estate company NAI Summit said Monday. The building will be the company’s U.S. headquarters and operations center.
The building features 32 clean rooms, warehouse space, office area, a machine shop and generator backups — amenities highly sought after by life sciences companies. IQE, a semiconductor manufacturing company, moved its Bethlehem operations to Greensboro, North Carolina, in 2023 as part of its global consolidation strategy.
“It’s a very, very strategic space with clean rooms and space that’s already permitted for advanced manufacturing, either hardware technology or life sciences,” said Don Cunningham, president and CEO of Lehigh Valley Economic Development Corp.
Cunningham said LVEDC worked with GfM to bring the company to the Valley. The company, which is headquartered in Bremen, Germany, was founded in 1985 and is a second-generation family business.
The company specializes in grinding down particles used in pharmaceuticals, as well as foods and cosmetics.
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