J.G. Petrucci Co. in partnership with Cabot Properties has acquired an 18.31-acre land site and the development of a 225,000-square-foot light/bulk distribution industrial facility at 85 Fairless Dr. in the Bucks County community of Fairless Hills, Pa.
With a target completion year of 2021, 85 Ben Fairless Dr. will feature 36-foot clear heights, 45 dock positions, 50 trailer spaces and 172 parking stalls. The building will be constructed in Fairless Hills, which is approximately 26 miles northeast of downtown Philadelphia. Situated along the I-95 Corridor, the location provides direct access to Philadelphia and the New Jersey Turnpike, providing unparallel access to the region’s primary transportation arteries.
JLL Capital Markets worked on behalf of J.G. Petrucci Co. to arrange the partnership with Cabot Properties.
“Bucks County is a very strong, mature industrial market with high barriers to entry and limited development opportunities,” said John Plow
