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ASBURY, NJ AND BETHLEHEM, PA, NOVEMBER 4, 2008---- J.G. Petrucci Company, Inc. (“JGPCO”), one of the New Jersey and Pennsylvania region’s most respected development and design/build organizations, has reached an agreement with Louisville, Kentucky-based Derby Industries, LLC to extend the company’s lease at 7108 Daniels Drive in Allentown, Pennsylvania. Derby Industries, a leader in global supply chain consulting and logistics outsourcing, occupies the entire 101,250 square foot warehouse/distribution facility which serves Nestlé Purina PetCare Company.
Michael Adams, senior vice president of Coldwell Banker Commercial/Feist & Feist Realty Corp., who represented Derby Industries in the transaction, stated “Derby Industries was very pleased to have been able to extend their lease at 7108 Daniels Drive.” He added, “Due to its superb access to major truck routes, as well as two sea ports, and both the New York and Philadelphia metropolitan markets, 7108 Daniels Drive is an ideal location that fully meets Derby Industries’ business objectives and the needs of their client.”
Set on a more than 9-acre site, 7108 Daniels Drive is of steel and brick masonry construction and offers such amenities as 29 ft.-6 in. ceiling heights, 35 ft. by 40 ft. column spacing and eight dock doors. The facility is in close proximity to Interstate 78, and U.S. Highway 22, as well as the Pennsylvania Turnpike Northeast Extension, Route 100, Route 309 and Lehigh Valley International Airport. In addition, the location is less than an hour from both New York and Philadelphia and provides ready access to two major sea ports for both import and export activities.
About Derby Industries LLC
Derby Industries (“Derby”) provides Total Supply Chain Solutions, in a number of geographic locations throughout the country, and assists in the support of suppliers all over the world to bring unsurpassed service and satisfaction to its customers. Derby achieves this through the combined knowledge and capabilities of Contract Packaging & Manufacturing, Warehousing Management & Distribution, Global Procurement and Supply and Worldwide Logistics and Transportation. The company has $130 million in annual sales, manages $1 billion in inventory assets and has 1.25 million sq. ft. of warehouse and manufacturing space. For more information about Derby Industries LLC, please visit our website at www.derbyllc.com.
About Coldwell Banker Commercial Feist & Feist Realty Corp.
Feist & Feist Realty Corp. was founded in 1903 in Newark, New Jersey. Since its inception, the company has been a major presence in the development, sales and leasing of industrial, office and commercial properties. Feist & Feist's roster of clients over the years has included Fortune 500 companies, as well as local and regional businesses. Additionally, the company gained national recognition as one of the first realtors involved in major shopping centers in the 1950s and 1960s. In the year 2000, Feist & Feist Realty Corp. acquired Coldwell Banker Commercial® franchises for its 3 offices in order to more effectively serve its clients on a national and international level. The company, now doing business as Coldwell Banker Commercial Feist & Feist Realty Corp., is looking forward to the next 100 years guided by integrity, ambition and dedication to the needs of our clients. To learn more about Coldwell Banker Commercial Feist & Feist Realty Corp. visit our website at www.feistandfeist.com
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, healthcare, 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 such diverse organizations 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.
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