J.G. Petrucci Company, Inc. Acquires Three-Story Apartment Building In Belleville, New Jersey
Posted on Aug 9, 2016 in General
J.G. Petrucci Company, Inc., one of the New Jersey and Pennsylvania region’s most respected Design/Build Development firms recently announced the acquisition of a multifamily property located at 256 Belleville Avenue in Belleville, New Jersey. The three-story garden apartment building features excellent proximity to all major roadways.
“We recognized Park Bellville as an exciting opportunity to invest in a market that compliments our existing community in Nutley, New Jersey,” explained Greg Rogerson, Principal at J.G. Petrucci Company. “Park Bellville offers tenants a strong unit mix in an area where multifamily housing is in high demand.”
This transaction marks the first multifamily acquisition for J.G. Petrucci Company’s residential portfolio. First Choice Bank arranged acquisition financing for the transaction and Lauren Federgreen of Rose Real Estate represented the Seller in the transaction.
About J.G. Petrucci Company, Inc.
J.G. Petrucci Company Incorporated, located in Asbury, NJ and Bethlehem, PA, is a privately held development and design/build organization with 29 years of experience in the design, development, re-development and acquisition of commercial, industrial, educational, multi-family and healthcare-related properties. Acting as the single point of contact from inception through move-in, J.G. Petrucci Co., Inc. continuously exceeds client expectations by accepting full responsibility for integrating conceptual design with functional performance thus effectively controlling costs and schedule.
Through a combination of well-established relationships, proven development expertise, and in house technical capabilities, J.G. Petrucci Co., Inc. sets itself apart from its competition. As a recognized leader in both the New Jersey and Pennsylvania markets, J.G. Petrucci Co., Inc. is proud to maintain well-established relationships with it’s client and tenant roster including Merrill Lynch, Weyerhaeuser Co., Federal Express, Follett Corporation, Gargiulo Produce, St. Luke’s University Health Network, Lehigh Valley Health Network, Flemington BMW, ICO Polymers and Synchronoss Technologies, Inc.