In The News

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

LInden

Wells Fargo Lends $227M on New Jersey Industrial Projects

JULY 27, 2022. EAST BRUNSWICK, NJ -  “We are excited to close these loans, thanks to our longstanding relationship with Advance, even in this volatile capital markets environment — validating the strength of sponsorship and the properties we are developing,” said David Greek.

Greek HQ

Greek Unveils New Corporate HQ, Addition of 17 Employees in 2022

JULY 7, 2022. EAST BRUNSWICK, NJ - “We know that a major factor in successfully broadening Greek Development’s reach and influence is our ability to hire and retain the industry’s best talent,” David Greek, managing partner of Greek Development, stated. “We take pride in our ability to form positions around the professionals we meet and connect with, rather than trying to fit them into a particular role — and our incredible success during the first half of 2022 is a testament to this approach."

NAIOPNJ

NAIOP NJ Announces 2022 Leadership, Gala Honorees

January 27, 2022. NAIOP New Jersey kicked off its virtual 2022 Annual Meeting & CRE Outlook with the introduction of the organization’s 2022 leadership slate and this year’s Commercial Real Estate Awards Gala honorees. Vice President Special Events – Matt Schlindwein, Managing Partner, Greek Development

Linden

Greek, Advance lock down $235M refi’ for Linden Logistics Center

December 10, 2021. LINDEN, NJ - “Today’s announcement serves as a testament to both the strength of the project and the combined hard work of everyone involved,” said Frank Greek, at Greek Development. “Alongside our key project partners, we’ve successfully provided an unrivaled, state-of-the-art, Class-A logistics space in the Port of NY/NJ region and look forward to Linden’s continued momentum and success.”

Nabisco

Nabisco’s Fair Lawn farewell: N.J. cookie landmark gets dunked

NOVEMBER 17, 2021. Fair Lawn, NJ - In October, Mondelez sold the Nabisco plant to Greek Development an East Brunswick construction company, for $146.5 million. “Us coming in and basically committing to keep this a viable, leasable asset for a long time by redeveloping it, I think they’re very happy that it’s not going to sit there in its current state, vacant for a long time,” David Greek says.

Philadelphia

Greek Development lands sought-after Philadelphia industrial building for $31.5M

June 9, 2021. PHILADELPHIA, PA - "Greek Development has been actively looking to expand its footprint in Philadelphia and the surrounding area. “We’re very much in love with the Philadelphia market,” said David Greek, who oversees acquisitions for the company. “Philadelphia has a lot of room left to run, in my opinion. We think we are early in the cycle in Philadelphia and there’s room for more development.”
 

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.