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49,000 Square Foot Building in LVIP IV, Bethlehem, PA Aquired

Posted on Oct 24, 2016 in General

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.


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