Greek Real Estate Partners (GREP) on Tuesday announced the acquisition of a 12-acre development site at 130 South Fairview Rd. in Ridley Township, PA, and has immediately begun construction on a speculative 81,156-square-foot industrial facility. The project is slated for completion in the second quarter of 2026 (Q2 2026).
This ground-up development targets a gap in the regional market by offering a highly functional, Class A modern facility with a smaller footprint, appealing to companies seeking custom solutions in a high-demand area.
The site’s key advantage is its superb regional connectivity. It is located just off I-95 and I-476, placing it approximately 10 minutes from Philadelphia Airport and 30 minutes from Philadelphia.
The flexible design of the facility will accommodate a diverse range of space users, including:
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Warehousing and Distribution
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Manufacturing
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Cold Storage
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Lab or Life Science
The location is highly attractive for logistics operations, as it benefits from proximity to the SEPTA regional rail and bus routes and is situated in a commercial hub near established pharmaceutical, food processing, and aerospace companies like INEOS, PCI Pharma and Boeing.
Alex Motiuk, director of acquisitions for GREP, commented on the market need: “There is strong and growing market demand for smaller facilities, especially newer spaces with modern, Class A attributes. With limited availability of this type of product, 130 South Fairview Rd. is uniquely positioned to accommodate a host of different space users as more tenants enter the market.”
GREP, which acquired the fully entitled site in early 2025, recently secured a $12.34 million construction loan from Provident Bank.
JLL Capital Markets played a dual role in the transaction, with the capital markets team representing the seller and the JLL debt team, led by Senior Managing Director Michael Klein, representing Greek for the financing.
Klein noted that despite a recent decline in overall Commercial Real Estate (CRE) fundraising, the market showed confidence in the project. “The construction lender marketing continues to open back up for well located, Class A, demisable warehouses on a speculative basis for premier industrial developers such as GREP,” Klein said.
This acquisition continues GREP’s strategic expansion in Pennsylvania, following its acquisition of Everest Logistics Park in Croydon earlier this year and its current 287,000-square-foot development at 2121 Wheatsheaf Lane, near Center City Philadelphia.
