Greek Development Acquires Industrial Property On Wheatsheaf Lane In Philadelphia For $31.5M

The industrial property located at 2121 Wheatsheaf Lane in Philadelphia, PA was recently sold in a transaction facilitated by JLL. The property, spanning 305,706 square feet, was acquired by Greek Development, represented by Frank Greek. The seller, 2121 Wheatsheaf Lane LLC, agreed to the sale at a price of $31,500,000, resulting in a price per square foot of $103.

Summary of Transaction Details:

• Property Type: Industrial
• Transaction Amount: $31,500,000
• Address: 2121 Wheatsheaf Lane, Philadelphia, PA
• Market: Philadelphia, PA

The deal was facilitated by JLL brokers John Plower, Ryan Cottone, Larry Maister, and Kyle Lockard. Their expertise and negotiation skills played a crucial role in ensuring the successful completion of the transaction.