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ASBURY, NJ, NOVEMBER 18, 2009 – J.G. Petrucci Co., Inc. (JGPCO), one of the New Jersey and Pennsylvania region’s most respected development and design/build organizations, announced three new leases at Warminster Square Shopping Center, 1475-1555 West Street Road in Warminster, Pennsylvania. EJ Nails leased a unit of 1,292 square feet, Replay Toys expanded into an adjacent unit of 2,785 square feet for a total of 4,785 square feet and the Hunan City Restaurant leased an additional 1,200 square feet, bringing their total space to 2,610 square feet. With the three leases in place, Warminster Square is now at full occupancy. Fred Younkin of Fameco Real Estate (Fameco) represented both parties in all three of the transactions.
Greg Rogerson, a JGPCO Principal, stated, “These three leases at Warminster Square, in particular the two expansions by existing retailers, are further confirmation of the value represented by this first class neighborhood retail center.”
“Warminster Square enjoys excellent visibility from and access to Street Road, which is also known as Route 132,” noted Fameco’s Fred Younkin. He added, “Although Warminster Square is fully leased right now, a unit of 2,000 square feet will become available in February 2010.”
Situated along heavily traveled Street Road (Route 132) at Saint David’s Avenue, Warminster Square offers 600 feet of road frontage. It is anchored by Goodwill and Family Dollar stores. Other retailers at Warminster Square include 7-Eleven, Thunderbird Lanes, Willow Grove Bank, and Wash and Go Laundry, among others. The Center is also located within one mile of such well known major retailers as Wegman’s, Target and Lowe’s. Fameco Real Estate Company is the exclusive leasing agent for the center.
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About J.G. Petrucci Co., Inc.
J.G. Petrucci Co., Inc (JGPCO) is a fully integrated, privately-held real estate organization with more than 22 years experience in the design/build, development, re-development and acquisition of industrial, office, medical, 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 diverse client and tenant roster that includes organizations such as Merrill Lynch, Weyerhaeuser Co., FedEx, Cryovac Division of Sealed Air Corp., Gargiulo Produce, BlackRock, Inc., Flemington BMW, Synchronoss Technologies, 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 the Lehigh Valley, Pennsylvania. For additional information about J.G. Petrucci Co., Inc., please visit our website at www.jgpetrucci.com.
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