Greek Real Estate Partners Acquires Everest Logistics Park In Croydon PA For $36.75M

The property asset involved in this transaction is located at 120 Phyllis Avenue, Croydon, PA. This industrial facility spans 10 acres and has a total square footage of 141,276. The sale price for this asset was $36,750,000, resulting in a price per square foot of $260.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $36,750,000
• Address: 120 Phyllis Avenue
• Market: Croydon, PA
• Acres: 10
• Square Footage: 141,276
• Price per Square Foot: $260
• Buyer: Alex Motiuk - Greek Real Estate Partners
• Seller: Penwood Investment Management
• Brokers: Burry Klein & Josh Chesner - Branch Industrial

Greek Real Estate Partners acquired the fully leased Everest Logistics Park from Penwood Investment Management in an off-market deal. The facility is currently occupied by PCI Pharma, enhancing Greek's industrial portfolio near critical transit routes and logistics hubs.