J.G. Petrucci Co. has begun construction on a 320,250-square-foot warehouse in Bucks County, highlighting its focus on East Coast industrial properties. Partnering with Boston-based Cabot Properties, the New Jersey firm is developing the site at 4626 Somerton Road in Bensalem, near I-276 and Route 1. Additionally, J.G. Petrucci Co. acquired an $8.6 million industrial building at 717 Callowhill St. in Philadelphia, leased by Grainger Industrial Supply. The company plans to maintain and operate the Philadelphia building without redevelopment.

*Article courtesy of Philadelphia Business Journal

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