J.G. Petrucci Company, Inc., one of New Jersey and eastern Pennsylvania’s premier residential and commercial real estate Design/Build Development firms, recently announced the acquisition of an 18.4-acre site on Meister Avenue in Branchburg, New Jersey. The company has plans to develop a 187,500 sq. ft. speculative industrial facility on the site, which will be available for lease in spring 2018.
Joel Lubin, managing director of Jones Lang LaSalle’s Iselin, New Jersey office represented J.G. Petrucci Company in this transaction, and also has been retained to serve as exclusive leasing agent for the property.
“We are excited to embark on this new development in Branchburg Township,” stated Jim Petrucci, Founder and President of J.G. Petrucci. “With industrial and flex properties currently in high demand in New Jersey, our team at J.G. Petrucci sees this acquisition as a perfect opportunity to develop a facility that will be ideal for businesses looking for a modern building and easy access to several major highways,” he added.
The facility will be constructed using precast concrete, which offers many advantages to the end-user. Once competed, the building will feature 31 loading docks, two drive-in doors, and 36’-clear ceiling heights. Parking for 134 cars and 16 trailers will be available on site as well.
This location within Somerset County, and Meister Avenue in particular, is laden with many other industrial and flex facilities housing tenants such as FedEx, Agfa Corporation and SiteOneLandscape Supply. Meister Avenue also is within close proximity to several of New Jersey’s major highways including Routes 22 and 202, and Interstates 78 and 287.