Prism and Davis Team Up for Slater Drive in Elmwood Park

NEW JERSEY—Prism Capital Partners LLC and The Davis Companies have teamed up for the first time to acquire 41 Slater Drive, a 180,000-sq.-ft. industrial building in Elmwood Park, from an affiliate of paper products manufacturer Marcal.

The all-cash transaction was brokered by Thomas Carragher of Studley.

Constructed in 1972 and situated on 11 acres at the intersection of I-80 and River Road in Bergen County, the property consists of 145,000 sq. ft. of warehouse space and a 35,000-sq.-ft. office component. The location provides visibility from I-80.

The warehouse space is currently leased on a short-term leaseback by Marcal Paper, and the office space is leased to Bio-Reference Laboratories Inc.

Prism Property Services is currently managing and leasing the property.

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