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ASBURY, NJ, MARCH 17, 2010---- J.G. Petrucci Co., Inc. (JGPCO), one of the region’s most respected development and design/build organizations, has completed the sale of two lots at Forks Business Center in Forks Township, Pennsylvania to the U.S. Army Reserve. The two lots total 7.66 acres and will be the site of a new recruitment and training center for the standing army and will also house vehicle storage and maintenance space. The U.S. Army Reserve will be relocating from its present Bethlehem facility as part of the Base Realignment and Consolidation Commission. The U.S. Army Reserve was represented by John Susanin of SSH Real Estate Co. of Radnor, PA.
The U.S. Army Reserve's search was Lehigh Valley-wide, from Route 100 to the Delaware River and dozens of sites were involved. The Forks Business Center location was selected because it is a fully improved park with the infrastructure the U.S. Army Reserve was seeking, in addition to which, JGPCO was able to meet their aggressive 2010 timeline. Other factors were Forks Business Center’s close proximity to the Pennsylvania Striker Brigade and easy access to major highways, such as Route 33, Route 22 and Interstate 78.
Jim Vozar, a spokesperson for JGPCO, stated “It was a pleasure working with the Army Corps of Engineers out of Baltimore. They were very cooperative, shared information and we worked side by side throughout the entire process.”
Fourteen lots totaling approximately 55 acres remain available at the 124-acre park, which is conveniently located just north of Easton, Pennsylvania. Other tenants at Forks Business Center include Weyerhaeuser Co. and Henningsen Cold Storage. Corporate neighbors comprise such well known firms as Crayola, Georgia-Pacific, ProBuild and Tioga Pipe, among others.
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About J.G. Petrucci Co., Inc.
J.G. Petrucci Co., Inc (“JGPCO”) is a fully integrated, privately-held commercial real estate organization with more than 22 years experience in the design/build, development, re-development and acquisition of industrial, office, healthcare, retail, multi-family and other properties. The company’s portfolio also comprises a broad range of brownfield and adaptive reuse projects, as well as expertise in green building. In addition, JGPCO 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, St. Luke’s Hospital & Health Network, Flemington BMW and Synchronoss Technologies, among others. 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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