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DEVENS, MA, JUNE 22, 2010---- J.G. Petrucci Co., Inc. (JGPCO), one of the region’s most respected development and design/build organizations, announced that New England Sheets (NES) has agreed to lease, on a long-term basis, the entirety of 36 Saratoga Boulevard in Devens, Massachusetts. The Class A, 162,000 square foot warehouse/distribution facility is located within Devens Industrial Park, one of Central Massachusetts’ premier business environments. The CB Richard Ellis/New England team of Robert D. Gibson, Jr., Executive Vice President/Partner, Edward Jarosz, First Vice President, and Jeffrey W. Hamilton, Jr., Associate, represented JGPCO, while Senior Vice President Michael D. Cook, SIOR, of the UGL-Equis’ Indianapolis, Indiana office and UGL Equis Senior Vice President James Halepis in Boston represented the tenant.
New England Sheets is a consortium of independent box manufacturers that pool resources to provide customers with consistent, quality products at market prices. The consortium is managed by Schwarz Partners, LP which is based in Indianapolis, Indiana. Schwarz Partners manages similar consortiums including Freedom Corrugated of Hazleton, PA; Independence Corrugated of Oak Creek, WI; Northern Sheets of Sacramento, CA; Pinnacle Corrugated of Landis, NC and SPP Miami Sheets of Hialeah, FL. The group’s central locations allow for quick response times and optimal access.
Jim Petrucci, president and CEO of JGPCO stated, “36 Saratoga Boulevard and Devens had everything New England Sheets wanted in a facility: Class A building features, the ability to provide rail service, an outstanding workforce and the flexibility to meet the growing demands of their business.”
Peter Polt of JGPCO also noted, “There were three key elements that enabled this transaction to happen. The first was our ability to secure approvals for the construction of a 1,600 foot rail spur, with 300 foot platform with canopy and two dock doors. The second was facilitating the installation by NES of unique and costly processing/conveyor equipment. And the third was NES’ ability to secure a variety of state and federal incentives.”
Designed and built by JGPCO in 1999, 36 Saratoga Boulevard is not only rail-served, but offers occupiers 100,000 square feet of future expansion space. The building also features 20,000 square feet of office space, 42’ x 50’ bay spacing, 12 loading doors with levelers, 2 drive in doors, 32 cross dock loading doors with levelers, a full wet sprinkler system (ESFR) and 33’ clear ceiling height in the warehouse portion of the space.
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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.
About UGL Equis Corporation
UGL Equis is a corporate real estate firm that focuses exclusively on the business space user. The company has more than 42,000 affiliated employees in 14 countries 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 and 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 and its sister company UGL Unicco, are subsidiaries of UGL Limited (ASX: UGL). For additional information, please visit www.ugl-equis.com.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2009 revenue). The Company has approximately 29,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company for three years in a row. Please visit our Web site at www.cbre.com.
CB Richard Ellis’ New England practice has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. The firm serves real estate owners, investors and occupiers by offering strategic advice and execution for: property leasing and sales, property facilities and project management, corporate services, debt and equity financing, investment management, valuation and appraisal, research and investment strategy, and consulting.
Please visit our Web site at www.cbre-ne.com.
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