Crow Holdings Completes New Jersey Industrial Redevelopment
JLL will market the facility for lease.
Crow Holdings Development has completed a 207,000-square-foot Class A industrial facility in Elmwood Park, N.J. The property was redeveloped from a former Marcal Paper warehouse that was destroyed by a fire in 2019. JLL is the exclusive leasing agent.
Crow Holdings worked in partnership with Atlas Holdings, which owns Marcal Paper, as well as local stakeholders to repurpose the site.
The property is at 25 Market St. It is a single-story building that includes 40-foot clear heights, two drive-in doors, 32 exterior loading docks, a build-to-suit office space, 56 trailer parking spots and parking space that can accommodate up to 200 vehicles. The industrial asset features a brick facade with black window mullions, inspired by the former 90-year-old warehouse, while also paying homage to Marcal by keeping its neon sign.
The 12-acre asset is off a four-way interchange of Interstate 80, providing access to major transportation routes in the area. It is 14 miles from Newark, N.J., 19 miles from Jersey City, N.J., 22 miles from Newark Liberty International Airport and within 31 miles of Linden, N.J.
JLL’s team of Senior Vice President Ignatius Armenia, Executive Managing Director Chris Hile, Vice President Ryan Milanaik, Vice Chairmen Rob Kossar and David Knee are the appointed leasing brokers.
A growing N.J. footprint
Crow Holdings currently has several other major projects in the works across the state. These include Tac-Pal Logistics Center’s second phase—a 700,000-square-foot industrial facility in Palmyra, N.J.—developed together with Sansone. In late 2023, the partnership received $102 million in construction financing for the project. In July, it inked a 252,000-square-foot lease with YesWay Logistics at Tac-Pal’s first phase.
Another recently completed project was a three-building industrial campus in Carteret, N.J. In October 2023, Crow Holdings landed its first tenant at the property: the company signed a 188,000-square-foot long-term lease with Hong Kong-based Weida Freight System Inc.
You must be logged in to post a comment.