In The News

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

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.

120 Tices Lane

Greek Development Closes Long-Term Lease in Highview Industrial Park

July 8, 2019. EAST BRUNSWICK, NJ - Greek Development, a full-service industrial real estate company based in East Brunswick, has announced that Triangle Home Fashions, LLC, has signed a long-term commitment for 124,000 square feet of warehouse space located at 120 Tices Lane in East Brunswick.

Triangle Home Fashions is relocating from their existing 57,600 square foot space in Southview Industrial Park located at 9 Nicholas Court in Dayton which is managed by Greek Development.

GREEK Bristol Industrial Park

Greek Development Inks a 67,200 Sq. Ft. Lease in Bristol Industrial Park

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.

PFS

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.

DOY Linden Logistics

NAIOP New Jersey Announces Deal of the Year Finalists

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.  

Aerial perspective render of Linden Logistics Park, Linden, NJ

Greek, LaSalle sell 452,000 sq. ft. industrial building in Piscataway

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.