J.G. Petrucci Company Reaches Full Occupancy at Warminster Industrial Facility With Lowe Rental Inc. and Innotech Laser Leases

J.G. Petrucci Company has reached full occupancy at its 112,500-square-foot industrial facility at 539 Jacksonville Road in Warminster, Pennsylvania, after signing two new tenants — Lowe Rental Inc. and Innotech Laser — to fill the building's remaining vacant units. Roddy, Inc. brokered both leases.

Two New Tenants Complete the Lease-Up

Lowe Rental Inc. will occupy a 48,500-square-foot unit at the property. The company supplies and rents commercial refrigeration, cold rooms, and catering equipment for retail stores, food service operations, and large-scale events. The Warminster location marks Lowe Rental Inc.'s entry into the Northeast, adding to existing facilities in Peachtree City, Georgia, and Fort Worth, Texas. Sean Durkin of Roddy, Inc. facilitated the transaction.

Innotech Laser will lease the remaining 17,000-square-foot unit, relocating from its previous facility at 375 Nina Way in Warminster. The company specializes in precision laser marking, laser etching, laser engraving, laser cutting, part printing services, and laser machine sales. Frank Roddy of Roddy, Inc. facilitated that transaction.

The building is also home to Habitat for Humanity of Bucks County, which was already in occupancy prior to the two new signings. Together, the three tenants bring 539 Jacksonville Road to 100% occupancy.

Petrucci Principal Cites Leasing Partnership

"Reaching 100% occupancy at 539 Jacksonville Road is a testament to the strength of the property and the efforts of our leasing partners at Roddy," said Greg Rogerson, Principal at J.G. Petrucci Company. "Frank, Sean, and their team demonstrated exceptional market knowledge and dedication throughout the process, and we're pleased to celebrate this successful outcome together."

Property and Submarket Context

The multi-tenant industrial building at 539 Jacksonville Road sits in Warminster Township, Bucks County, Pennsylvania. The property's suite configuration — with units ranging from 17,000 square feet to larger blocks — positions it to serve regional, mid-sized occupiers rather than large-format logistics users, consistent with J.G. Petrucci Company's broader portfolio strategy in the Northeast.

The lease-up comes as the Lower Bucks County industrial submarket carries a vacancy rate of approximately 10.9%, with total inventory of roughly 26.7 million square feet and net asking rents for warehouse and distribution space averaging around $12.95 per square foot. Across the broader Bucks County market, total inventory stands near 64.8 million square feet, with vacancy at approximately 8.8%. The Greater Philadelphia industrial market saw vacancy more than double from 2022 levels, peaking around 8.7% in 2025 before beginning to ease. Achieving full occupancy in that environment represents an outperformance relative to submarket averages.

Lowe Rental Inc.'s selection of an infill Warminster location rather than newer Class A bulk distribution space reflects a pattern among equipment-intensive, logistics-adjacent users that prioritize proximity to population centers and lower overall occupancy costs. Innotech Laser's relocation within the same township is consistent with advanced manufacturing and light industrial tenants that seek improved facilities while retaining access to an existing workforce.

About the Firms

J.G. Petrucci Company is a privately held, full-service development and design/build organization with a focus on commercial, industrial, and residential properties throughout the Northeast, with particular concentration in Pennsylvania and New Jersey. Roddy, Inc. is a commercial real estate brokerage firm active in the Philadelphia-area industrial market.

Sources: J.G. Petrucci Company press release