In The News

News stories about our projects, our people and our progress.

Linden Building E

Developers Ink 481,000 sq. ft. Lease, Landing First Tenant at New Linden Industrial Park

June 2, 2021. LINDEN, NJ - World Distribution Services is the first tenant to commit to the 350-acre property just west of the New Jersey Turnpike. Advance Realty Investors, Greek Development and PGIM Real Estate are developing what’s known as the Linden Logistics Center, having delivered more than 1.3 million square feet to date.

World Distribution Services will occupy 480,844 square feet at 500 Linden Logistics Way, also known as Building E. CBRE is marketing the other completed structure, Building G, which spans 840,203 square feet.

Logan North

Construction Financing and the COVID-19 Challenge

September 3. 2020. LOGAN, NJ - From Commercial Property Executive:  Advance Realty Investors and Greek Development could tell you a lot about what it takes to get construction financed in this climate. The partners are teaming up on Logan North Industrial Park, a 3.2 million-square-foot industrial project in Logan Township, N.J., a Philadelphia suburb.

Logan North

Philadelphia, Southern New Jersey Industrial Market: Everything Investors Need to Know

August 28, 2020.LOGAN, NJ - Greek acquired the 520-acre Logan North development site in 2017 and has landed a major build-to-suit tenant in Target. Across Route 322 from Logan North, J.G. Petrucci owns a 200-acre development site that would support four buildings totaling 1.8 million square feet. Petrucci recently finished a 95,872-square-foot spec building in LogistiCenter at Logan and has additional land at Gateway Salem.

DG Head shot

David Greek has been named the newest member of Georgetown University’s Real Estate Steering Committee

July 21, 2020. David Greek has been named the newest member of Georgetown University’s Real Estate Steering Committee. He is excited to give back to his alma mater and help shape the next generations of real estate professionals. David Greek is responsible for new development and acquisition opportunities as well as expanding Greek Developments core business and progressing its expanding services.

Logan

Wells Fargo, Provident Bank Provide $103M in Financing for N.J. Industrial Park

July 17, 2020. LINDEN, NJ - Advance Realty Investors and Greek Development have landed $103.5 million in construction financing for two buildings in Logan North Industrial Park, a planned 3.2-million-square-foot industrial park in Gloucester County, N.J., Commercial Observer has learned. Wells Fargo provided $69 million for the construction of Building H, while Provident Bank lent $34 million for the development of Building E. 

 

Linden Logistics Center

Virtual broker event highlights construction at massive Linden logistics complex (VIDEO)

June 12, 2020. LINDEN, NJ - With two pad-ready construction sites, a development team was eager to showcase the milestone at the future site of the eight-building, 4.1 million-square-foot Linden Logistics Center.

“We were struggling with how to communicate the progress on our site in the midst of everyone working from home,” said David Greek, the Acquisitions Director with Greek Development, a partner in the project alongside Advance Realty Investors and PGIM Real Estate.

David Greek - CAPRE

Industrial Next Generation: Amazon is Leading the Game but Plenty of Opportunities Abound to Score Points

December 23, 2019. JERSEY CITY, NJ - The industrial space is hot, but there’s still quite a runway ahead of us. "It’s not so much a question of approaching Amazon, it’s a question of when they’re going to approach you,” replied David Greek, Director of Acquisitions at Greek Development. “Earlier this year they had 17 active products in New Jersey. Basically every building that was up but was not currently occupied, Amazon came in [and filled it].

Cascades Office Space

Developers Continue Focus on Amenities, Aesthetics to Help Tenants Compete for Talent

October 14, 2019. PISCATAWAY, NJ -  At Cascades Inc.’s new containerboard manufacturing plant in Piscataway, the build-out by Greek Development included a sleek 20,000-square-foot office space to house the company’s regional headquarters. Other features include large windows that bring in natural light, an on-site gym and a layout that promotes better airflow throughout the property. 

It was a rather weighty decision for a corporate executive, who was seeking to relocate his company’s U.S. headquarters while balancing the needs of some 1,400 employees.

Freezer, cooler space NJ

Freezer, Cooler Space in High Demand in New Jersey, as Users Face a Lack of Supply

September 16, 2019 - While New Jersey was sweltering its way through a record-setting heatwave in mid-July, demand for cold storage warehouse space nationwide, and particularly in the Garden State, was also on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. “The demand is about as strong as I’ve ever seen,” said David Greek of Greek Development, which is partnering with Advance Realty on multimillion-square-foot industrial projects in Linden and Logan Township.

NAIOP ICON 2019

Institutionalization of the Industrial Real Estate Industry

September 12, 2019. JERSEY CITY, NJ - One of the biggest changes to the commercial real estate industry over the last 15 years has been the increase in institutionalization within the asset class. The industry is now dominated by institutions that specialize in real estate investing.