GREP Secures $44M Construction Loan for 2121 Wheatsheaf.
Greek Real Estate Partners has secured $44 million in construction financing from CIT, a division of First Citizens Bank, for a cutting-edge 287,218-sq.-ft. industrial project at 2121 Wheatsheaf Lane in northeast Philadelphia. The facility will feature clear heights of 40 feet, 36 dock doors, two drive-in doors, and parking for 65 trailers and 258 cars. Greek Real Estate Partners acquired the site in spring 2021 and plans delivery in Q1 2025. JLL has been retained as the exclusive leasing agent for the facility.
Read more in the Commercial Observer and on Cision PR Newswire.