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Greek Development Rebrands as ‘Greek Real Estate Partners’ to Reflect Full Range of Industrial Capabilities

Greek Development Rebrands as ‘Greek Real Estate Partners’  to Reflect Full Range of Industrial Capabilities

Greek Development Rebrands as ‘Greek Real Estate Partners’ to Reflect Full Range of Industrial Capabilities

Leading NJ-based industrial real estate firm updates name and website to highlight its growth and services across general contracting, property management, and more

East Brunswick, N.J. (August 8, 2023) – Greek Development — a leading New Jersey-based, vertically-integrated real estate firm focused on industrial development — today announced its new name, Greek Real Estate Partners (“GREP”), and unveiled its dynamic new website.

This new name and website authentically reflect the firm’s foray into a diverse range of service offerings over the past several years with the website distinctly showcasing GREP’s three sub-brands: Greek Development, Greek Design | Build, and Greek Management.

“Our firm has grown tremendously in recent years and the launch of our rebrand is a culmination of our hard work in transforming into a fully integrated industrial real estate operator,” said David Greek, Managing Partner at GREP. “We’re proud of our monumental progress in creating record-setting developments across New Jersey and Pennsylvania, the growth of our talented in-house team, and the ability to offer our expertise to our industry peers. This new moniker highlights the breadth of our abilities and we look forward to continuing our legacy under this new banner.”

In addition to building its own state-of-the-art industrial development sites through its Greek Development arm — such as Linden Logistics Center and Logan North Industrial Park — GREP also develops, constructs, and manages exceptional industrial facilities for a diverse range of clients through two subdivisions. Greek Design | Build serves tenants and fellow industrial developers by overseeing the design, build, reconstruction, and project management process for a wide range of property types. Greek Management provides the services of GREP’s in-house, qualified RPAs and CPAs to optimize and protect owner/operator investments with cutting-edge property management processes, technology, and maintenance.

The rebranding is a milestone in GREP’s evolution over the past almost nine decades. Founded in 1938 in New Jersey, the company has grown from a family business into a third-generation, best-in-class vertically integrated industrial development, investment, operations and acquisition company. To date, GREP has completed over 30 million square feet of development projects and currently holds an operating portfolio of over 20 million square feet, of which 99.6 is percent leased.

The company’s new name and website come after GREP acquired 2.7 million square feet of industrial property valued at $320 million in the last two years, as well as $300 million in property sales. GREP has a planned future development pipeline of over 2.5 million square feet valued at over $1 billion. The team has also secured $675 million in financing on 5.5 million square feet of development; executed 2.6 million square feet of leasing activity; and ultimately totaled $1.26 billion in aggregate deal volume over the last year. GREP recently doubled the size of its corporate footprint in 2022 — hiring 19 new team members and opening a new 14,000-square-foot office to accommodate its growth.