Greek Real Estate leases over 860k-sq.-ft. of small-bay industrial space in multiple deals

The in-house leasing team at Greek Real Estate Partners on Tuesday reported that it closed on more than 860,000 square feet of small-unit leasing in several transactions across New Jersey and Pennsylvania in recent months.

With more than 20 million square feet of industrial real estate under the East Brunswick management’s leasing team, Greek provides landlord and tenant representation services for companies seeking to lease or rent industrial real estate.

Throughout 2023, GREP completed leases ranging from 19,200 square feet to 180,000 square feet for a host of different landlords, including F. Greek Bristol Properties, Highview Partners, Tices Partners and Junto Investment Partners. The bulk of the transactions occurred in the Central New Jersey and Northeast Philadelphia markets, with many occupiers seeking cost savings in Central and Southern New Jersey compared to higher-rent areas in Northern New Jersey.

“New Jersey remains a leader in the industrial leasing market for tenants looking for best-in-class facilities near one of the nation’s largest e-commerce hubs,” Jason Fisch, vice president of leasing with Greek Real Estate Partners said. “We anticipate continued momentum for Central and Southern Jersey as well as the Philadelphia Metro region in coming months as demand for moderately priced warehouse space continues and supply for smaller industrial spaces remains constrained.”

GREP’s Northeast industrial leasing team is led by Vice President of Leasing and broker-of record, Jason Fisch, and Leasing Associate, Patrick Reistrom.