Rosemont, IL (November 29, 2022) — Peak Construction Corporation is underway with construction on the Crossroads Commerce Center in North Brunswick, NJ on behalf of investor Principal Asset Management. The 191,481 square foot speculative building will feature a 40’ clear height, 29 dock positions, two drive-in doors, 161 car parking spaces, 31 trailer parking spaces and a 130’ by 60’ truck court. Peak is teamed with construction manager D. Loeffler Consulting, LLC, Environetics Group Architects, P.C. and Bohler Engineering, NJ, LLC. Completion is scheduled for late May 2023.
Principal Asset Management manages or sub-advises $98.5 billion in commercial real estate assets (as of September 30, 2022) through its specialized real estate investment group. The firm’s real estate capabilities include both public and private equity and debt investment alternatives.
Peak Construction Corporation’s service is providing more than a commodity. For 25 years, we’ve been answering the questions you didn’t know to ask, mitigating the risks you didn’t know were there and resolving issues before they become problems. As a full-service Design-Build General Contractor, we help our clients navigate the big and small decisions that turn their businesses’ needs and goals into solutions that provide immediate results with long-term value. Visit peakconstruction.com for more information. Build Value. Design Build.
About Principal Asset ManagementSM
With public and private market capabilities across all asset classes, Principal Asset ManagementSM and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Its dedicated real estate investment team manages or sub-advises $98.5 billion in commercial real estate assets.1 The firm’s real estate capabilities include both public and private equity and debt investment alternatives.
Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $484.6 billion in assets2 and recognized as a Top 10 “Best Places to Work in Money Management3” for 10 consecutive years. Learn more at www.PrincipalAM.com.
[1] As of September 30, 2022
[2] Pensions & Investments, 2021
