Regional development and design/build firm J.G. Petrucci Company Inc. and Cabot Properties, a Boston-based private equity real estate firm, recently broke ground on a 320,250 square feet industrial development located at 4626 Somerton Road in Bensalem.
Financing for the project was arranged by JLL Capital Markets. Construction is now underway and is being completed by Petrucci’s in-house construction firm, Iron Hill Construction Management, and is set to be delivered in Q4 of 2024. JLL has been engaged as the listing broker for this property, which will be home to a state-of-the-art industrial warehouse/distribution facility.
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