Marcal and Crow Holdings Development announced plans for the development of the 206,000-square foot facility.
The paper company and Crow Holdings Development announced plans to construct a 206,000-square-foot, state-of-the-art distribution facility on a portion of the Marcal property along Market Street in Elmwood Park. The site is located off Route 80, near Exit 61.
Following construction, operations at the new facility will result in an economic impact of about $28 million a year in the state, generate 240 full-time jobs, and result in about $630,000 in new property taxes to the borough, its school district and the county, the statements said. The plant employed about 500 workers. About 200 people were on the premises when the blaze began and everyone got out safely, officials said.
An affiliate of Atlas Holdings, the majority shareholder of Marcal, will invest in the project with Crow Holdings, the real estate developer said.
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