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| Jon Mikula |
JLL represented the sponsor, J.G. Petrucci Company, Inc., in arranging the joint venture with Cabot Properties, Inc. On behalf of the new venture, JLL secured a construction loan with Principal Asset Management.
The JLL Capital Markets team was led by Senior
Managing Directors Jon Mikula and John Plower, Director Ryan
Cottone and Vice President Michael Lachs.
4626
Somerton Road will consist of a 320,250-square-foot, Class A industrial
warehouse/distribution facility featuring 36-foot clear heights, 55 tailgate
doors, two drive-in doors and 50’ x 54’ column spacing.
John Plower
The building will be situated on a 19.5-acre site with 56 trailer spaces and 195 passenger vehicle parking spaces.
The proposed building is ideally sized and designed to provide highly efficient warehouse space.
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| Ryan Cottone |
Conveniently located between Philadelphia and
New York City, Bucks County is accessible to nearly every kind of
transportation network available.
One third of the nation's population resides
within a one-day drive of Bucks County, making it a prime location for the
transport of goods and services not only throughout the Eastern Seaboard, but
also throughout the world.
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| Rendering of a to-be-built industrial project on Somerton Rd. in Feasterville-Trevose, Bensalem Township, Bucks County, PA |
The property also has proximity to cities such as New York City (75 miles), Baltimore (120 miles), Washington D.C. (158 miles) and Boston (288 miles).
CONTACTS:
Alli Stent
PR,
Hotels & Hospitality, Capital Markets
JLL
M +1 330 329 6750
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