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ASBURY, NJ, March 6, 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, has received all necessary approvals for a 572,000 square foot state-of-the-art distribution facility in Edison, New Jersey. Located at Exit 10 of the New Jersey Turnpike, just 19 miles from Ports Elizabeth and Newark and only 30 miles from New York City, the new facility will be known as Middlesex Logistics Center. The project’s outstanding location supports one-day service to major northeast, mid-Atlantic and mid-west markets.
Cushman & Wakefield of New Jersey, Inc. has been named by JGPCO as Exclusive Broker for the property. Frank Caccavo, Jr., executive vice president, Jason Goldman, executive director and Andrew Siemsen and Glenn Talavera, both sales associates, all of Cushman & Wakefield’s Edison office, have been given the marketing and leasing assignment for the project.
Greg Rogerson, a principal of JGPCO, noted “Middlesex Logistics Center will be one of the largest new warehouse/distribution facilities in the north-central part of New Jersey.” He added, “We designed this facility with numerous state-of-the-art features like 36-foot clear ceiling heights, parking for 149 trailers, 108 cross-load dock doors, four drive-ins, 50-foot by 60-foot stage bays, an ESFR sprinkler system and more, which we believe will appeal to a wide range of users.”
“We’re highly confident that this will be a winning project,” stated Frank Caccavo. “In addition to all its advantages, the continued growth of the port, coupled with the recent successful history of other new developments at Exit 10, makes us very optimistic that the market will embrace Middlesex Logistics Center.”
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, among many other advisory services. To find out more about Cushman & Wakefield, visit the firm's Web site at www.cushwake.com.
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.
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