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BETHLEHEM, PA-J.G. Petrucci Co., Inc. has acquired a 17.1-acre parcel at Bethlehem Commerce Center, part of the Lehigh Valley Industrial Park VII here, for around $2.3 million. The site is located within the 250-acre Saucon Tract, which makes up Phase One of the 1,000-acre park. Lehigh Valley Industrial Park VII will eventually encompass the entire site formerly occupied by Bethlehem Steel, making it one of the largest brownfield redevelopment projects in the US

Tom Shaughnessy of JGPCO’s locally based office tells GlobeSt.com that “Lehigh Valley Industrial Park VII is unique in that it offers an unusual array of business incentives, including a location that is inside the Lehigh Valley Foreign Trade Zone. FTZ benefits may include tax advantages for eligible firms such as duty deferral and duty reduction or elimination.” He adds, “Additional incentive programs at LVIP VII include Local Economic Revitalization Tax Assistance and Keystone Innovation Zone status.”

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