Why Greek Real Estate Partners Is Buying Again

Why Greek Real Estate Partners Is Buying Again

At a moment when most industrial developers are holding back, Greek Real Estate Partners is rebuilding its pipeline. The firm has closed on two Central Jersey land parcels this year and expects to close on four more within the next 12 months, its busiest acquisition stretch in roughly a decade, as its flagship industrial parks in Logan and Linden wind down to their final buildings.

Managing Partner David Greek discussed the strategy with Rob Russo of BINJE in a feature published July 31, 2026.

"We feel that the market is kind of at an inflection point," Greek said. "I think we're kind of at the beginning of a new real estate cycle, and the last two years has been the working out of some of the kinks and the pain in the system." However, Greek was candid that the environment remains challenging, noting that land pricing is still unsettled and uncertainty persists around the economy and rents.

The article details the fundamentals behind the firm's conviction. New Jersey is delivering less than a third of the industrial square footage it produced at the market's 2023 peak, and statewide vacancy has hovered around 7% to 8%, above the 5% threshold that typically precedes a return to speculative building. Greek projects the market crosses that line by the end of the year. While tenant activity has been strongest in the 50,000- to 200,000-square-foot range, the firm is now targeting sites capable of supporting 700,000-square-foot to 1 million-square-foot buildings, positioning for a return of big-box demand in 2027 and 2028.

Read the full feature in BINJE for David Greek's complete outlook on the New Jersey industrial market, including his analysis of the pandemic-era vacancy trap and the shrinking sublease glut.

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