David Greek, Alex Motiuk & Pat Ramirez Of Greek Real Estate Partners Acquire Industrial Asset In Croydon For $36.75M

The asset involved in this transaction is an industrial property located at 120 Phyllis Avenue in Croydon, PA. The sale price for the property was $36,750,000, encompassing a total square footage of 141,276 square feet, which equates to a price per square foot of $260.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $36,750,000
• Sale Date: 04/28/2025
• Buyer: David Greek, Alex Motiuk & Pat Ramirez - Greek Real Estate Partners
• Seller: Penwood Real Estate Investment Management
• Brokers: Josh Chesner & Burry Klein - Branch Industrial

Branch Industrial facilitated this off-market transaction by procuring both the buyer and the seller, playing a pivotal role in the successful completion of the deal.