J.G. Petrucci Company, Inc. Announces Sale of Class ‘A’ Industrial Facility in South Brunswick, New Jersey
South Brunswick, NJ— August 17, 2016— J.G. Petrucci Company, Inc. recently completed the sale of a Class ‘A’ industrial facility located at 15 Stults Road in South Brunswick, New Jersey. Jean Design, Inc. acquired the build-to-suit facility at an undisclosed price.
Situated on 5 acres, J.G. Petrucci Company, Inc. completed the Development and Design/Build of this 63,506-square-foot industrial facility, complete with 6 loading docks, 1 drive-in door, T-5 lighting system and ESFR sprinkler system.
The location is conveniently located ½ mile from the New Jersey Turnpike and features excellent access to transportation including Newarks Airport, four major highways and two seaports.
Joel Lubin, Managing Director of Jones Lang LaSalle, represented both the seller and the buyer in the transaction.
“There is a lack of new warehouse facilities for single users in the 8A corridor,” explained Joel Lubin. “This was a great opportunity for Jebara family to customize their facility and also enables them to distribute their products to more than 130 million consumers within a one day drive.”
J.G. Petrucci Company, Inc. completed the turnkey fit out for Jean Design, Inc. They will be moving into the new facility early August 2016.
About Jones Lang LaSalle
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visitwww.jll.com.
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.