Crow Holdings celebrates new beginnings at Marcal Paper warehouse site in Elmwood Park

Elmwood Park Mayor Robert Colletti, local dignitaries and community stakeholders joined Crow Holdings Development to celebrate the grand opening of 25 Market St. this week. A ribbon-cutting ceremony for CHD’s new, 207,000-square-foot, Class A commercial building marked a new beginning for the site, which for nine decades served as home to the iconic Marcal Paper warehouse before it was destroyed by a fire in January 2019.

“We are happy to welcome Crow Holdings Development as a conscientious and considerate partner that has brought new revenue and beauty to our community,” Colletti said. “Their commitment became increasingly apparent throughout the project’s planning stages. All parties agreed on a comprehensive plan that included a creative building façade along with winding sidewalks, village lighting and an impressive ‘Welcome to Elmwood Park’ sign. True to their word, all of this came to fruition.”

CHD’s Clark Machemer, senior managing director, told ROI-NJ last month that the building’s specs are so impressive, it should be considered a trophy industrial building.

Machemer credited the successful redevelopment of the 12-acre property to the borough’s partnership and its understanding that commercial development can serve as an economic engine for communities.

“From the start, we received tremendous support for this project and shared a focus on revitalizing the area,” Machemer said. “The resulting transformation has introduced a commercial use opportunity befitting of its trophy location — one reflective of the history of the site and surrounding area.”

The single-story building features classic architecture with an attractive brick exterior and black window mullions inspired by the historic warehouse that made the site a local landmark. Large, translucent glass accent light boxes on the building’s exterior marry classic elements with modern design and pay homage to the neon “Marcal” sign well-known to travelers passing by the highly visible property on Interstate 80.

25 Market St.’s exceptional location, immediately off I-80’s Exit 61, offers unparalleled proximity to a confluence of major roadways. It also provides easy access to routes 46, 21 and 3, as well as the Garden State Parkway. Ready for immediate occupancy, the energy-efficient building features build-to-suit office space and 40-foot clear ceiling heights, as well as 56 trailer stalls, 32 exterior loading docks with two drive-in doors, and parking for 200 vehicles.

The JLL team of Ignatius Armenia, Rob Kossar, Chris Hile, Ryan Milanaik and David Knee is serving as CHD’s exclusive leasing agent for 25 Market St.