|
ASBURY, NJ, and BETHLEHEM, PA, June 5, 2008 – J.G. Petrucci Company, Inc.
(“JGPCO”), one of the New Jersey and Pennsylvania region’s most respected development and
design/build organizations, will design and construct a new 60,000 sq. ft. data and technical
operations facility for Synchronoss Technologies, Inc. (“Synchronoss”), which signed a long
term lease. The new facility, which will bear the address 1565 Spillman Drive, is located within
Lehigh Valley Industrial Park VII (“LVIP VII”) at Bethlehem Commerce Center in Bethlehem,
Pennsylvania. JGPCO will break ground in late summer 2008.
Allan R. Greene, Vice President in UGL Equis’s Iselin, New Jersey office and Tadd Wisinski,
Senior Vice President in UGL Equis’s New York office represented Synchronoss in the
transaction.
Kerry A. Wrobel, President of Lehigh Valley Industrial Park, Inc. stated “Synchronoss is a
cutting edge high technology company and we are delighted to welcome them as a tenant in
LVIP VII.” He further stated, “Synchronoss’ decision to remain in Bethlehem and re-locate its
existing facility to LVIP VII was strongly influenced by the Lehigh Valley’s outstanding pool of
highly skilled labor, as well the park’s incentives, including Local Economic Revitalization Tax
Assistance (LERTA), which provides a 10-year tax abatement beginning with the Certificate of
Occupancy.”
"The decision of Synchronoss Technologies, Inc. to relocate and expand its facilities in LVIP VII
is very good news for the City of Bethlehem, the Lehigh Valley and the Commonwealth of
Pennsylvania. The expansion of their work force and their building was made possible by the
availability of a "ready to build" site and a "ready to work" population in the City and the
region," said City of Bethlehem Mayor John B. Callahan.
Synchronoss, the leading provider of on-demand transaction management solutions to the
communication service provider (CSP) market, is headquartered in Bridgewater, New Jersey and
currently operates a Research and Development Center at 1525 Valley Center Parkway in
Bethlehem which will be re-located to LVIP VII. The new facility is located within Phase One
of LVIP VII at Bethlehem Commerce Center. LVIP VII comprises 1,000 acres at the former site
of the flagship plant of Bethlehem Steel Corporation. Phase One consists of 248 acres and is
known as the Saucon Tract. It is development ready with infrastructure improvements that
include roads, electric, gas, water and fiber-optic cable.
“Our company is very happy to have been selected by Synchronoss as the developer for this
exciting new project,” stated Tom Shaughnessy of JGPCO. He added, “JGPCO has a long track
record in the Lehigh Valley and this facility will be a perfect complement to the numerous
facilities we have developed throughout the LVIP system. We also want to acknowledge the role
played by the Governor’s Action Team and the LVEDC. The Commonwealth’s responsiveness
and persistent effort was significant in enabling Synchronoss to bring these jobs to the Lehigh
Valley.”
About J.G. Petrucci Company, Inc.
J.G. Petrucci Co., Inc (“JGPCO”) is a fully integrated, privately-held real estate organization
with more than 20 years experience in the design/build, development, re-development and
acquisition of industrial, office, retail, multi-family and hotel properties. In addition, the
company is recognized as a leader in both the New Jersey and Pennsylvania markets with a client
and tenant roster that includes organizations such as 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 about J.G.
Petrucci Co., Inc., please visit our website at www.jgpetrucci.com.
About UGL Equis Corporation
UGL Equis Corporation, through its affiliated companies, is a global corporate real estate firm
that focuses exclusively on the business space user. With more than 40,000 affiliated employees
in nearly 100 locations around the world through its parent company UGL, Chicago-based UGL
Equis provides comprehensive real estate solutions through portfolio strategy and management,
transaction advisory, corporate finance, project services, workplace integration, data
management, facility management, development management and audit & recovery services for
national and global companies with office, industrial and retail opportunities throughout the
United States, Mexico, Asia Pacific, Europe and the Middle East. UGL Equis along with its
sister company, UGL Unicco, are subsidiaries of United Group Limited, (ASX: UGL). For
additional information, please visit www.ugl-equis.com.
About Synchronoss Technologies, Inc.
Synchronoss Technologies is the premier provider of on-demand transaction management
software to Tier One communications service providers. Synchronoss enables service providers
to drive growth in new and existing markets while delivering an improved customer experience
at lower costs. The company's flagship ActivationNow(R) and ConvergenceNow(R) software
platforms automate, synchronize and simplify electronic service creation and management of
advanced wireline, wireless and IP services across existing networks. For more information,
please visit www.synchronoss.com.
Return to Press Releases
|
