Press Release brought to you by J.G. Petrucci Co.

J.G. PETRUCCI COMPANY, INC. ACQUIRES 49,000 SQUARE FOOT BUILDING IN LVIP IV, BETHLEHEM, PENNSYLVANIA

11/02/2016

 

FOR IMMEDIATE RELEASE

 

Media Contact:

Patrice Kane, J.G. Petrucci Co., Inc.

(908) 730-6909

pkane@jgpetrucci.com

 

J.G. PETRUCCI COMPANY, INC. ACQUIRES 49,000 SQUARE FOOT BUILDING IN LVIP IV, BETHLEHEM, PENNSYLVANIA

Bethlehem, PA- October 24, 2016—J.G. Petrucci Company, Inc., one of the New Jersey and Pennsylvania region’s most respected Design/Build Development firms recently announced the acquisition of a fully-occupied, single-story industrial building located at 1990 Highland Avenue in Lehigh Valley Industrial Park IV in Bethlehem, Pennsylvania.

J.G. Petrucci Company, Inc. completed the Design/Build Development of the 49,000 square foot industrial building in1996, for Hygrade Components. The company has signed a long-term lease for the property. 

“Over the past 20 years we have developed a great business relationship and friendship with Jim Petrucci and his team,” explains Vincent Pagano, Chairman of Hygrade Components. “We have found the entire J.G. Petrucci team to be open, honest, and always supportive of our needs. This approach has fostered an excellent relationship between our two companies and we look forward to many years to come.”

This transaction is a testament to J.G. Petrucci’s commitment to the Lehigh Valley and its clients.  Jim Petrucci, Founder and President of J.G. Petrucci Company, Inc. stated, “We are pleased to announce this acquisition. This asset supports every key fundamental in our commercial acquisitions criteria. Hygrade is a high quality tenant and we have maintained a +20 year relationship with the owners.  They are a quality firm for LVIP IV, and have continued to grow and create many manufacturing jobs in the Lehigh Valley since opening their headquarters in 1996.”

The facility is conveniently located in one of the Lehigh Valley’s most prominent business parks providing excellent access to Routes 512, 33 & 22, I-78, and the Pennsylvania Turnpike.

About Hygrade Components

Founded in 1939 as a custom roll former, Hygrade has used its expertise and production capabilities to meet the expanding needs of the Fenestration Industry. From the initial introduction of aluminum spacers in the 1950’s, six decades later, Hygrade has been transformed into one of the largest suppliers of Insulating Glass and Window components in the world. For over 75 years, the company has built a sound reputation for providing quality products and outstanding customer service. The company’s mission is to combine these strengths with an aggressive approach to new technologies and product development to meet the diverse needs of our customers.

About J.G. Petrucci Company, Inc.

J.G. Petrucci Company Incorporated, located in Asbury, NJ and Bethlehem, PA, is a privately held development and design/build organization with 29 years of experience in the design, development, re-development and acquisition of commercial, industrial, educational, multi-family and healthcare-related properties. Acting as the single point of contact from inception through move-in, J.G. Petrucci Co., Inc. continuously exceeds client expectations by accepting full responsibility for integrating conceptual design with functional performance thus effectively controlling costs and schedule. Through a combination of well-established relationships, proven development expertise, and in house technical capabilities, J.G. Petrucci Co., Inc. sets itself apart from its competition. As a recognized leader in both the New Jersey and Pennsylvania markets, J.G. Petrucci Co., Inc. is proud to maintain well-established relationships with it’s client and tenant roster including Merrill Lynch, Weyerhaeuser Co., Federal Express, Follett Corporation, Gargiulo Produce, St. Luke’s University Health Network, Lehigh Valley Health Network, Flemington BMW, ICO Polymers and Synchronoss Technologies, Inc. For additional information on J.G. Petrucci Company Inc. please visit our website at www.jgpetrucci.com.

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Source

J.G. Petrucci Co.

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