
2024 NJBIZ Commercial Real Estate Power List
NJBIZ STAFF//November 4, 2024//
David Greek and Frank Greek | The Power List
2024 NJBIZ Commercial Real Estate Power List
NJBIZ STAFF//November 4, 2024//
Frank is the founder and David is the managing partner of Greek Real Estate Partners, a 2024 NJBIZ Business of the Year finalist. GREP is a nearly 90-year-old vertically integrated real estate firm. David Greek has helped pivot the firm’s business model to offer third-party design/build, property management and acquisition services, more than doubling its staff and revenues in the past eight years and becoming one of the most active developers in the Northeast.
To keep up with the increasing demand for warehouse and logistics space across New Jersey and Pennsylvania, the firm is continuing to bring in new hires and add more office space for its workforce. GREP has developed nearly 30 million square feet of primarily industrial space.
Perhaps its most prominent current project involves the former Nabisco cookie factory in Fair Lawn. Last year, the borough’s nine-member planning board unanimously approved GREP to develop a 644,000-square-foot warehouse at the site once the remaining buildings on the 40-acre property along Route 280 are torn down. The property – which falls within a designated redevelopment zone – has been vacant since Mondelez closed local operations, resulting in the loss of about 600 jobs and costing the borough about $1 million in rateables. Also last year, GREP rebranded from Greek Development to better reflect the diversity of its offerings.
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