📊𝟐𝟎𝟐𝟓 𝐢𝐧 𝐑𝐞𝐯𝐢𝐞𝐰: Industrial demand for modern, sub-150,000 SF facilities continues to accelerate across the region, and the market is taking notice. Greek Real Estate Partners’ acquisition of the fully occupied, 141,000 SF Everest Logistics Park in Croydon is highlighted by Paul Schwedelson in the Philadelphia Business Journal as an example of this growing trend.
“𝘛𝘩𝘦𝘳𝘦 𝘪𝘴 𝘴𝘵𝘳𝘰𝘯𝘨 𝘢𝘯𝘥 𝘨𝘳𝘰𝘸𝘪𝘯𝘨 𝘮𝘢𝘳𝘬𝘦𝘵 𝘥𝘦𝘮𝘢𝘯𝘥 𝘧𝘰𝘳 𝘴𝘮𝘢𝘭𝘭𝘦𝘳 𝘧𝘢𝘤𝘪𝘭𝘪𝘵𝘪𝘦𝘴, 𝘦𝘴𝘱𝘦𝘤𝘪𝘢𝘭𝘭𝘺 𝘸𝘪𝘵𝘩 𝘮𝘰𝘥𝘦𝘳𝘯, 𝘊𝘭𝘢𝘴𝘴 𝘈 𝘢𝘵𝘵𝘳𝘪𝘣𝘶𝘵𝘦𝘴,” said Alex Motiuk, Director of Acquisitions at Greek.
As construction costs rise, existing Class A assets in this size range are becoming increasingly competitive, prompting investors to move quickly to secure high-quality, well-located product.
We are proud to see this momentum recognized in the market!
🔗Read more in the Philadelphia Business Journal.
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