JOINT VENTURE ACQUIRES 180,000 SF INDUSTRIAL BUILDING IN BERGEN COUNTY

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ELMWOOD PARK, N.J. — A joint venture between Prism Capital Partners and The Davis Cos. has acquired 41 Slater Drive a 180,000-square-foot industrial building in Elmwood Park. The seller was an affiliate of paper products manufacturer Marcal. Constructed in 1972, the property is situated on 11 acres at the intersection of I-80 and River Road. The property consists of 145,000 square feet of warehouse space that is leased to Marcal Paper and 35,000 square feet of office space that is leased by Bio-Reference Laboratories.

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