Petrucci Expands Lehigh Valley Real Estate Holdings
J.G. Petrucci has acquired an industrial flex building and a six-acre development site that expand the variety of commercial and industrial real estate options it can offer clients.
BETHLEHEM AND FORKS TOWNSHIP, PA—J.G. Petrucci Co. has acquired two properties in the Lehigh Valley.
“We have a long history of providing turnac-key real estate solutions throughout the Lehigh Valley and New Jersey,” says Jim Petrucci, founder and president of J.G. Petrucci Co. “As the region continues to grow and attract businesses, these strategic acquisitions will enable our company to offer clients an extensive menu of flexible properties available for lease.”
2147 Avenue C, located in Bethlehem, PA, is a 32,000 square-foot industrial flex building with a secure, gated, storage yard and excellent access to all major roadways. Mike Capobianco, SIOR of Markward Group, represented both the buyer and the seller in the transaction. Petrucci has retained Capobianco as the exclusive broker for the property and is actively marketing the building to users seeking flex industrial space available for lease.
In Forks Township, PA, Petrucci purchased a 6.6-acre site that is ideal for small industrial flex users seeking easy access to New Jersey. The property is located less than 2-miles from the Charles Chrin Interchange and just minutes from New Jersey.
Petrucci has plans to construct a 55,000 square-foot building at the property. The company has a wealth of experience developing properties in Forks Township for food manufacturing users such as Bethlehem Sausage Works and Norac Group, USA; and the design/build construction of a specialized perlite manufacturing facility for Silbrico Corporation.
Kelly Berfield and Ryan Dietrick of Colliers International represented both the buyer and seller in the transaction. The team has been retained as the exclusive broker for the project.