Phillipsburg, NJ — J.G. Petrucci Company, Inc., one of the region’s leading development and design/build construction firms, announced its new joint venture with PGIM Real Estate. The partners have plans to develop the Phillipsburg Logistics Center at 78, a 511,200 s/f industrial building, which will be available for lease in summer 2021.
Located in Phillipsburg, the 66-acre site is less than 3 miles from Rte. 22, I-78, and provides excellent access to the Northeast’s’ major metropolitan areas. In addition to its premier connectivity and distribution access, the site’s location offers future employers a robust local workforce. The JLL Capital Markets team represented J.G. Petrucci Company to arrange the partnership and will serve as the leasing agent for the property. The team was led by senior managing directors Jon Mikula and John Plower, while executive vice president, Jeff Lockard will lead the lease-up process on behalf of the partnership. “We are excited to embark on Phillipsburg Logistics Center at 78 with our partners,” said Peter Polt, executive vice president at J.G. Petrucci.