LOGAN TOWNSHIP, NJ—In its farthest reach into the deep south of New Jersey, J.G. Petrucci has acquired a 76-acre land parcel adjacent to the Pureland Industrial Complex in Logan Township, NJ, where company president Jim Petrucci says the firm is likely to build a single 800,000 square-foot distribution complex.
"We're excited," Petrucci tells GlobeSt.com exclusively. "We've really never been, on the industrial side, south of Exit 8A. Any time you open up a new market it's certainly interesting. We view it as a longer-term play."
The site needs a range of approvals and utilities still need to be brought to the site, Petrucci says, so a groundbreaking is not likely to take place this year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.