J.G. Petrucci Co. has created a joint venture partnership with an institutional real estate investor for the development of Phillipsburg Logistics Center at 78, a 511,200-square-foot, class A speculative industrial building in Phillipsburg, N.J., which is part of the Lehigh Valley Industrial submarket.
The building will be constructed on 66 acres at 39-41 Strykers Road. The Lehigh Valley Industrial submarket is considered a top five industrial market nationwide for users, developers and institutional investors. This location is close to the nation’s largest population centers, primary transportation arteries and major cities along the Eastern Seaboard. One-third of the nation’s population can be reached within a 24-hour drive from the property. The property, which will feature 36-foot clear heights, 86 loading positions, two drive-in doors, 109 trailer parking stalls, wide column spacing and an ESFR sprinkler system, will be built to new generation building specifications
