Industrial
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack

Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.

Industrial
Greek Development rebrands amid growing platform, third-party service offerings

Greek Development is now Greek Real Estate Partners, as the firm looks to highlight its growing selection of third-party services beyond its own portfolio of industrial buildings.

Government & Public Policy
Greek scraps implosion of ex-Nabisco tower in Fair Lawn, plans alternative method for demo

Greek Development has called off its plan to implode the remaining piece of the former Nabisco factory complex in Fair Lawn, the site of a planned ground-up distribution center, following several months of concerns by residents about the potential environmental impact.

Government & Public Policy
Greek postpones implosion at ex-Nabisco complex in Fair Lawn

Greek Development has postponed an implosion at the former Nabisco complex in Fair Lawn — where it’s slated build a new ground-up distribution center — amid residents’ calls for expanded environmental testing at the historic property.

Industrial
Greek details 287,000 sq. ft. Philly warehouse project, fast-growing development pipeline

Greek Development has expanded its footprint to Philadelphia, with plans to build nearly 300,000 square feet of new industrial space, after one of several recent acquisitions and as part of a development pipeline that currently calls for more than 2.5 million square feet.

Projects
Greek closes on $50 million permanent loan for three pieces of Logan industrial park

Greek Development has secured $50 million in permanent financing for two new industrial buildings and an adjacent trailer lot in Logan Township, in a deal arranged by JLL.

Projects
Greek closes on $50 million permanent loan for three pieces of Logan industrial park

Greek Development has secured $50 million in permanent financing for two new industrial buildings and an adjacent trailer lot in Logan Township, in a deal arranged by JLL.

Industrial
Greek files plans for 644,000 sq. ft. logistics facility at former Nabisco plant in Fair Lawn

Greek Development has revealed new details of its plan to bring modern industrial space to the former Nabisco plant site in Fair Lawn, where demolition is well underway.

Industrial
Developers, adapting to changing market, near completion of massive Linden industrial park

A sprawling industrial park in Linden is nearing completion after four years of construction, a span in which warehouse demand soared to historic highs before a recent pullback, as its developers mull plans to tap into the growing market for outdoor trailer storage.

Industrial
Home Depot takes 1.3 million sq. ft. in Monroe, amid measured outlook for N.J. industrial space

Home Depot has leased nearly 1.3 million square feet of newly built industrial space in Monroe, in a sign of continued market demand despite a shrinking appetite by e-commerce users.