Greek Development has announced a flurry of promotions and new hires in connection with its fast-growing, third-party construction and project management division.
Industrial rents in northern and central New Jersey continued to soar in the third quarter, amid ongoing demand for relatively few spaces and locations near the New Jersey Turnpike, fueling deals such as Samsung’s lease for more than 735,000 square feet in Linden.
Greek Development and Principal Real Estate Investors have closed on more than $32 million in construction financing for a long-awaited industrial project in Pennsylvania’s Bucks County.
Greek Development has announced the opening of a new corporate office in East Brunswick to accommodate a business that has doubled in size since late last year.
A development team has preleased the latest phase of a 3.2 million-square-foot industrial park in Logan Township, where two logistics firms will occupy a combined 491,000 square feet.
NAI DiLeo-Bram & Co. has negotiated a 16,000-square-foot industrial lease at 124 Tices Lane in East Brunswick.
Advance Realty Investors and Greek Development have secured $235 million in permanent financing for the first phase of a massive logistics campus under construction in Linden.
Greek Development plans to build new industrial space at the site of the landmark Nabisco plant in Fair Lawn, following its recent purchase of the property for nearly $147 million.
Peloton Interactive has leased 840,000 square feet at a new logistics park in Linden, leading the way among tenants as the state’s industrial market continued to thrive in the third quarter.