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ASBURY, NJ, FEBRUARY 22, 2008 – J.G. Petrucci Company (“JGPCO”), one of the New Jersey and Pennsylvania region’s most respected and fastest-growing development and design/build organizations, recently presented its “Broker of the Year” Award for 2007 at its 5th annual award gala, held at The Palace at Somerset Park in Somerset, New Jersey.
Frank Caccavo, Jr., executive vice president and Jason Goldman, executive director, received the award from JGPCO president, Jim Petrucci, in recognition of their outstanding achievements during 2007. The pair represented JGPCO in the sale of a 160,447-square foot industrial building and an approved 131,000-square foot building on 35 acres, both in Cranbury, New Jersey, to BlackRock, Inc. They also consummated a build-to-suit and long term lease with Weyerhaeuser Company at Forks Business Center in Forks Township, Pennsylvania, for a 100,000-square foot facility on 30 acres.
In addition, Caccavo and Goldman are presently marketing two new state-of-the-art distribution facilities in New Jersey for JGPCO, the Middlesex Logistics Center at Exit 10 in Edison (571,000 square feet) and the Middlesex Intermodal Center at Exit 8A in New Brunswick (585,376 square feet), which features rail access.
Previous “Broker of the Year” Award winners include Jonathan Gelman of Gelcor Realty, David Zimmel of Zimmel Associates, Thomas Nuara of Resource Realty and Michael Adams of Coldwell Banker Commercial Feist & Feist Realty Corp.
“We are extremely honored to receive this award from J.G. Petrucci Company,” stated Frank Caccavo. “They have a unique expertise in both redevelopment and brownfields reclamation, in addition to which they are very responsive and consistently demonstrate a strong focus on client satisfaction.”
“This was the first time in the five years we have named a “Broker of the Year,” that two brokers shared the award,” noted Jim Petrucci. “It was particularly fitting in this case, because JGPCO places great emphasis on our organization functioning as a team and Frank and Jason have truly proven themselves to be a team in every sense of the word.”
About J.G. Petrucci Company, Inc.
J.G. Petrucci Co., Inc (“JGPCO”) is a privately-held developer/builder with more than 20 years experience in the design/build, development, re-development and acquisition of commercial, educational and healthcare-related properties. In addition, JGPCO is recognized as a leader in both the New Jersey and Pennsylvania markets with a client and tenant roster that includes Merrill Lynch, Weyerhaeuser Co., Federal Express, Cryovac/Sealed Air, Gargiulo Produce, Westfield Medical Center, Flemington BMW and Schuetz Containers. JGPCO presently holds an investment portfolio of over 3 million square feet of prime industrial, retail and office space. The firm is based in Asbury, New Jersey and also maintains offices in Bethlehem, Pennsylvania. For additional information on J.G. Petrucci Co., Inc., please visit our website at www.jgpetrucci.com.
About Cushman & Wakefield, Inc.
Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 215 offices in 56 countries, and more than 12,000 professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, visit the firm's Web site at www.cushwake.com.
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