2B — August 26 - September 15, 2016 — Owners, Developers & Managers — M id A tlantic
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O wners , D evelopers & M anagers Adams of NAI Summit represents J.G Petrucci Co. J.G. Petrucci Co. commences spec. building construction
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LLENTOWN, PA — J.G. Petrucci Com- pany, Inc. has com- menced construction on a 21,335 s/f speculative indus- trial building in Allentown. The Snowdrift Rd. Flex Center will be situated on 2.34 acres on the west end of Allentown, located in Iron Run Corporate Center. 7042 Snowdrift Rd. will fea- ture excellent visibility from I-78, 24’ clear ceiling heights, 100% wet sprinkler systems, drive-in loading and over 60 surface parking spaces. The facility will be able to accommodate single or multi-tenant occupants look- ing for manufacturing, dis- tribution and light assembly uses, among others. Located directly off Rte. 100 and I-78 in Upper Macungie Township, the property features easy ac- cess to Routes 22, 33 & 309 and the Pennsylvania Turnpike. “Absorption has been good for industrial properties in the Lehigh Valley,” said Martin Till , regional president of J.G. Petrucci Company. “The Lehigh Valley continues to at- tract smaller industrial firms largely because of the excellent resources the region has to offer. That combined with the fact that there are not many smaller, newer spaces avail- A
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256 Belleville Ave. in Belleville, NJ
ville as an exciting opportunity to invest in a market that com- pliments our existing commu- nity in Nutley, New Jersey,” said Greg Rogerson , princi- pal at J.G. Petrucci Company. “Park Bellville offers tenants a strong unit mix in an area where multifamily housing is in high demand.” This transaction marks the first multifamily acquisition for J.G. Petrucci Company’s resi- dential portfolio. First Choice Bank arranged acquisition financing for the transaction and Lauren Federgreen of Rose Real Estate represented the Seller in the transaction. n
able for industrial users to lease or purchase makes this the right time to take on this project.” Michael Adams , of NAI Summit is the broker repre- senting J.G. Petrucci Com- pany, Inc. BELLEVILLE, NJ — J.G. Petrucci Company recently announced the acquisition of a multifamily property located at 256 Belleville Ave. in Bel- leville. The three-story garden apartment building features excellent proximity to all ma- jor roadways. “We recognized Park Bell-
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