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… Read more »
Less than a year after buying a 200,000-square-foot industrial building in Croydon, Wharton Equity Partners has landed a new tenant for the vacant property. Jillamy Inc., a third-party logistics company based in Chalfont, toured the building at 2955 State Road and signed a lease eight days later. The company takes occupancy Sept. 8. “It was… Read more »
A South Jersey building used as a distribution center for Rite Aid Corp. and a Bucks County building leased by AstraZeneca is among six Philadelphia-area properties that are part of a 58-building industrial portfolio recapitalized for $423.5 million. Taurus Investment Holdings, a Boston real estate investment firm, owns a portfolio that totals 3.96 million square… Read more »
