Greek Real Estate Partners is planning a spring 2026 delivery for a new 81,156-square-foot industrial development at 130 South Fairview Road in Ridley Township, Pennsylvania — Rendering courtesy: GREP
By Joshua Burd
Greek Real Estate Partners has lined up another project in Southeast Pennsylvania, adding a 12-acre site where it’s now building more than 81,000 square feet of new industrial space.
The firm, which is based in East Brunswick, said it has launched development for the speculative facility in Ridley Township after securing the fully entitled tract early this year. It recently closed on a $12.34 million construction loan from Provident Bank for the 81,156-square-foot project at 130 South Fairview Road, which is just off interstates 95 and 476 and roughly a 30-minute drive from Philadelphia, with plans to deliver the facility in the second quarter of 2026.
The site allows for industrial and light manufacturing uses, GREP said, as it looks to leverage its strong connectivity and a lack of supply in a region dominated by larger industrial assets.
“There is strong and growing market demand for smaller facilities, especially newer spaces with modern, Class A attributes,” said Alex Motiuk, director of acquisitions for Greek Real Estate Partners. “With limited availability of this type of product, 130 South Fairview Road is uniquely positioned to accommodate a host of different space users as more tenants enter the market.”
JLL’s John Plower, Ryan Cotton and Larry Maister represented the seller of the parcel, while a team led by the firm’s Michael Klein sourced the construction debt on Greek’s behalf.
“The construction lender market continues to open back up for well-located, Class A, demisable warehouses on a speculative basis for premier industrial developers such as GREP,” said Klein, a senior managing director with JLL. “There was significant interest in providing spec industrial financing for this project and Provident Bank was able to provide loan terms that best met GREP’s needs.”
The developer said the property, which is also a 10-minute drive from Philadelphia International Airport, is suited for companies seeking space for warehousing and distribution, manufacturing, cold storage, lab or life science and several other specialized uses. The surrounding community, meantime, has a variety of supporting services, including national hotel chains, fast-casual dining and local service providers catering to both business travelers and the local workforce.
The site also provides easy access to SEPTA regional rail and bus routes, allowing for convenient commuting and regional freight movement, according to a news release. GREP added that the location is within a one-day drive of more than 40 percent of the U.S. population, making it highly attractive to retailers, ecommerce operators, third-party logistics firms and manufacturers aiming to optimize their distribution networks.
The acquisition continues Greek’s expansion across Pennsylvania, the firm said, pointing to its recent purchase of the 141,276-square-foot Everest Logistics Park at 120 Phyllis Drive in Croydon that is fully leased to PCI Pharma. The company is also developing a 287,000-square-foot facility at 2121 Wheatsheaf Lane in Philadelphia, about five miles from Center City and at the base of the Betsy Ross Bridge.
With more than 23 million square feet of industrial real estate under management, GREP’s leasing team provides landlord and tenant representation services for companies seeking to lease or rent industrial real estate, the news release said. The firm works with a range of companies, from large-scale manufacturing operations to modern corporate headquarters.
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