East Brunswick-based Greek Real Estate Partners has acquired Everest Logistics Park in Croydon, PA, for $36.75 million, according to Bucks County property records. The 141,276-square-foot Class A warehouse, located at 120 Phyllis Drive along the Delaware River, was sold by Penwood Real Estate Investment Management. The purchase price reflects approximately $260 per square foot.

Delivered in 2023, the building is fully leased to PCI Pharma Services, a Philadelphia-based pharmaceutical firm that recently expanded to occupy the entire facility under a long-term lease.

Positioned on a 10-acre site, the property offers strong regional connectivity, just minutes from I-95 and Route 13, and within close proximity to the Port of Philadelphia, Philadelphia International Airport, Port Newark, and Trenton Airport.

The facility includes 3,000 square feet of office space, 20 dock-high doors, one drive-in door, 36-foot clear ceiling height, 260 car parking spaces, and 31 trailer stalls—delivering modern specs tailored to today’s logistics and distribution users.

*Article courtesy of Philadelphia Business Journal

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