Greek Real Estate Partners, Principal Asset Management complete construction of Langhorne Logistics Center in Pennsylvania
Greek Real Estate Partners (GREP) has completed construction of Langhorne Logistics Center in partnership with Principal Asset Management.
The development features a 210,564-square-foot industrial warehouse located at 900 Wheeler Way in Langhorne, Penn.
“We are pleased to deliver the only class A 200,000-square-foot, 40-foot clear height industrial building available in the lower Bucks County submarket,” said David Greek, managing partner of GREP. “Situated in a supply-constrained region on a site with incredible access to infrastructure, the completed building is ready for immediate occupancy and uniquely positioned to accommodate a diverse tenant base.”
The delivery of Langhorne Logistics Center comes after the partnership secured a $32,110,000 loan from Provident Funding in third quarter 2022. GREP and Principal first acquired the 19-acre property in June 2006. At that time, the site included a 181,000-square-foot warehouse and office building that w