No. 3: David Greek

NJBIZ STAFF//November 6, 2023//

No. 3: David Greek

NJBIZ STAFF//November 6, 2023//

Listen to this article

David GreekAs managing partner of Greek Real Estate Partners, Greek is responsible for new development and acquisition opportunities as well as expanding the nearly 60-year-old vertically integrated real estate firm’s core business of industrial development and building its ever-growing services. He is a third-generation real estate leader and has been credited with repositioning his family firm to succeed in a new era of industrial development.

Greek has helped pivot GREP’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 on 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. In September, 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. According to an application filed by CLPF Greek Fair Lawn LLC, an affiliate of Greek, the project also calls for the addition of parking for 263 cars and 100 trailers, as well as 100 loading spaces and 10,000 square feet of office space. 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.

Earlier this year, GREP rebranded from Greek Development to better reflect the diversity of the firm’s offerings. “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,” Greek told Real Estate Weekly. “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.