In The News

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

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.

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.