May 17, 2019. SOMERSET, NJ - Two of the state’s most ambitious redevelopment and adaptive reuse projects were among the top honorees Thursday at NAIOP New Jersey’s annual gala, where a crowd of hundreds celebrated the state’s commercial real estate industry and some of its leading figures.
In The News
News stories about our projects, our people and our progress.
May 2, 2019. LEVITTOWN, PA - Greek Development has signed a new 67,200-square-foot lease at a 12-building, 1.7 million-square-foot industrial park just west of Burlington County.
The East Brunswick-based firm announced that Ondigo LLC signed a long-term commitment at Bristol Industrial Park, which sits at 37 Runway Road in Levittown, Pennsylvania. The tenant, a distributor of cell phone accessories for Boost Mobile, will occupy part of a 182,400-square-foot building with the complex.
Refi of Avenel Refrigerated Warehouse May Be ‘Bellwether’ for New Cold Storage Values in North Jersey
April 25, 2019. AVENEL, NJ—In what may be a new loan valuation high for cold storage facilities financings, Holliday Fenoglio Fowler has arranged a $35.75 million refinancing for a fully leased, 182,154-square-foot, class A, state-of-the-art cold storage facility at 275 Blair Road in Avenel, NJ.
Advance Realty Investors and Greek Development, which partnered on the construction of the property, will use the loan to retire an existing construction loan and return capital to the partnership.
March 19, 2019. Congratulations to the Deal of the Year Finalists! The winners will be announced at the 32nd Annual Commercial Real Estate Awards Gala on May 16, 2019.
Industrial: Linden Logistics Center, Linden With over 100 years of chemical manufacturing, 30 total years of environmental cleanup and 15 years of vacant, idle land at Tremley Point, Linden, in 2018, it was time for the team of Greek Development, Advance Realty and CBRE to acquire the site and start the 4.1 million SF warehouse redevelopment and transformation on this site.
December 6, 2018. A joint venture has sold a newly built, 452,000-square-foot industrial building in Piscataway, in a deal arranged by brokers with Cushman & Wakefield.
The real estate services firm on Wednesday said it represented Greek Development and LaSalle Investment Management in the sale of 1 Turner Place, a fully leased property just off Interstate 287. Bentall Kennedy acquired the building on behalf of an institutional investor client, although terms were not undisclosed.
November 15, 2018. The class-A warehouse complex is the largest planned industrial development in port of NY/NJ region.
LINDEN, NJ—A joint venture of Advance Realty and Greek Development will build a massive a 4.1-million-square-foot, state-of-the-art logistics park on a 350-acre tract of land in Linden, NJ, that the partnership acquired earlier this year.
June 19, 2018. Logan Township, NJ - Lack of suitable class-A space elsewhere in the state and a shortage of large format buildings combine to make South Jersey more attractive, says David Greek of F. Greek Development. Listen to our audio interview.
May 7, 2018. In search of a modern industrial building, the Canadian-based packaging company Cascades Inc., knew who to call after its Queens, New York, facility had become antiquated.
Fifty miles to the west, in Piscataway, New Jersey, ever-visionary Greek Development had built on spec a sprawling facility where a former chemical plant had stood. The new digs could be fine-tuned to the needs of a tenant, which—after some initial reluctance—became Cascades Inc.
Greek Development Completes A State-Of-The-Art Manufacturing Facility Operated by Heritage Pharma Labs
April 4, 2018. EAST BRUNSWICK, NJ - Heritage Pharmaceuticals Inc. (“Heritage”), based in One Tower Center, East Brunswick, New Jersey, is very excited to announce the opening of a new 38,000 square foot production facility located at 16 Elkins Road in East Brunswick, NJ.
March 13, 2018 - Advance Realty and Greek Development have partnered once again, acquiring a 350-acre site in Linden that they say is now primed to become a large industrial park.