NEWARK, N.J., Dec. 12, 2013 /PRNewswire/ -- Real Estate Ventures Capital Group, LLC (REVC), a privately held real estate investment company owned by Domenick Pucillo, announced today that they have entered agreements to acquire ten acres of land in Newark, New Jersey. The acquired property is located at 357 Wilson Ave on the Newark harbor and includes 200,000 square feet of rentable space that REVC will use for industrial, commercial, retail, office, and manufacturing spaces.
Industries that Domenick Pucillo and the REVC team set up on this new property will benefit from the Port Authority of New York and New Jersey's Port Redevelopment efforts, which aim to improve navigational safety and allow the port to accommodate larger cargo vessels by deepening key channels to 50 feet. This project, which is on track to be completed in 2014, will strengthen Newark Bay's hold as a preeminent center of trade.
Domenick Pucillo, CEO of Real Estate Ventures Capital Group, LLC, commented, "I am excited to announce Real Estate Ventures Capital Group's acquisition of 357 Wilson Ave. We are thrilled to be a part of revitalizing the New Jersey Port and helping to improve the industry and economy of the state of New Jersey."
About Real Estate Ventures Capital Group, LLC
Real Estate Ventures Capital Group, LLC, (REVC) is a privately held real estate investment company in Newark, New Jersey. Owned by Domenick Pucillo and founded in 2013, REVC is focused on owning, managing and operating commercial real estate properties. REVC approaches each asset from an owner's perspective, priding itself on its strong operating and management capabilities strictly applied to each of its investments. For more information please visit: www.revcgroup.com
About Domenick Pucillo
Domenick Pucillo is an American entrepreneur and business owner from northern New Jersey. A visionary operations executive, Pucillo has over thirty years of experience founding and managing companies in various industries, including contracting, real estate, architecture, financial services, thermal technologies, waste disposal, demolition services, and more. For more on Domenick Pucillo please visit www.domenickpucillo.com.
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