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Crow Holdings Launches Logistics Hub on Site of Former Paper Mill
Crow Holdings Development, the development platform of Crow Holdings and one of the nation’s largest industrial developers, has begun vertical construction of a 206,826-square-foot industrial property on the site of the former Marcal Paper factory in Elmwood Park, NJ.
Four years after fire destroyed the historic Bergen County mill, 1 Market St. will be transformed into a logistics hub, able to accommodate companies seeking modern logistics space in one of the country’s tightest industrial markets. The facility is scheduled to be delivered in September.
“1 Market St. will not only create jobs and contribute to the growth of the county’s economy, but it will also provide much-needed logistics space in one of the country’s most land-constrained markets,,” said Clark Machemer, Crow Holdings Development’s senior managing director for the Northeast region.
JLL, which handled the sale of the property, is serving as the exclusive agent for 1 Market St. A team that includes David Knee, Chris Hile, Ignatius Armenia and Ryan Milanaik is marketing the property.
- ◦Development
