In The News

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

Masha Sherman

Real Estate Finance Pro: Masha Sherman

MARCH 9, 2023 - EAST BRUNSWICK, NEW JERSEY. A native of Belarus, Masha Sherman, CFO of industrial real estate firm Greek Development, moved to the U.S. when she was 19 years old to study accounting. Sherman moved to Greek Development in 2019 as senior finance manager. The company promoted her to director of finance within a year, then appointed her CFO in 2021. 


Greek Details 287,000 sq. ft. Philly Warehouse Project, Fast-growing Development Pipeline

MARCH 6, 2023 - PHILADELPHIA, PA. $320 million in acquisitions by Greek in the last two years — equating to more than 2.7 million square feet of industrial space — and $300 million in property sales, along with a growing development pipeline now valued at over $1 billion - that activity has coincided with the growth of its acquisitions team, which includes Managing Partner David Greek, Director of Acquisitions Alex Motiuk and Acquisitions and Development Associate Patrick Ramirez.



State Farm Refis New Jersey Industrial Park With $50M Loan

FEBRUARY 24, 2023 - LOGAN, NJ. Greek Development has sealed a $50 million debt package from State Farm Life Insurance Company to refinance a New Jersey industrial property, property records show. “Despite recent volatility, lenders recognize the incredible value that these industrial properties offer, and the role they play in keeping pace with the continued growth of e-commerce,” David Greek, managing partner at Greek Development, said in a statement. 


ROI Influencers: Power List 2023 — Real estate

FEBRUARY 16, 2023 - NJ. The future of any economy — especially one with a hybrid workforce — is having cool places to live and work. The people on this list are making that happen. Frank Greek and David Greek are featured on ROI-NJ's 2023 Power List for their impact on the real estate landscape. Their longstanding commitment to delivering top-tier developments in New Jersey and Pennsylvania is unwavering and we are proud of our company’s leaders for receiving this recognition.


Developers, Adapting to Changing Market, Near Completion of Massive Linden Industrial Park

JANUARY 31, 2023 - LINDEN, NJ. “All of the heavy lifting on this site is now pretty much done,” said David Greek, managing partner of Greek Development, who noted that infrastructure was a dominant focus during the project’s first phase. “Now it’s a lot easier to drive to the site and understand our vision, because our vision has more or less been built. … The site is there, you can see exactly where everything’s going and the infrastructure to access it is built."

Masha Sherman

Know Your Worth: Tips for Women in Commercial Real Estate from Immigrant, Wife, Mother and CFO

JANUARY 3, 2023 - EAST BRUNSWICK, NJ. It’s no secret that real estate is a male-dominated industry. As chief financial officer of a vertically integrated, three-generation, family-owned industrial real estate firm, I (Masha Sherman) am part of the 9% of women in commercial real estate who hold C-suite positions, as well as the approximately 36% of women in commercial real estate overall. To make it into this small faction, I had no choice but to thrive in this large, interconnected “boys’ club” — as a woman, an immigrant, a wife and a mother.


NJBIZ Panel Focuses on Women in the Workplace

DECEMBER 15, 2022. As part of NJBIZ’s latest virtual discussion, women executives at New Jersey-based companies spoke to their experiences in the workplace, as well as offered guidance to the next generation of females entering the business world.

During the hour-and-a-half roundtable discussion, panelists dove into topics such as impact inclusion (diversity and gender equality), hiring and retention efforts, how the pandemic’s shift to remote work has impacted recruitment and the importance of supporting other women in business.

Frank Greek David Greek

ROI Influencers: Real Estate 2022 — Frank Greek; David Greek

December 8, 2022 - NEW JERSEY. ROI Influencers: Real Estate 2022: Frank Greek; David Greek

They are developing the biggest industrial parks in the New Jersey/New York region, maintaining the area’s position as a leader in the nation’s industrial market. They recently won NAIOP’s Industrial Deal of the Year Award for Target at Logan North, a 1.7 million-square-foot omnichannel flow center for Target Corp. in Logan Township.

Power 50

Presenting the 2022 NJBIZ Commercial Real Estate Power 50

NOVEMBER 28, 2022. NEW JERSEY - As managing partner of Greek Development, David Greek is responsible for new development and acquisition opportunities, as well as expanding the 80-year-old vertically integrated real estate firm’s core business of industrial development and building its ever-growing services. To keep up with the increasing demand for warehouse and logistics space across New Jersey and Pennsylvania, the firm is continuing to keep pace by bringing on new hires and adding more office space for its workforce.