Auto Dealer Network, Prestige, Acquires 133 Williams Drive in Ramsey for $16M

133 Williams Dr., Ramsey, NJ

RAMSEY, NJ— Prestige Management Services, which runs a network of car dealerships throughout the tri-state region, has acquired 133 Williams Drive in Ramsey, NJ, from the Kislevitz Family for about $16 million, the companies say. Savills Studley senior vice president and branch manager Chris Marx and senior managing director Daniel Foley arranged the transaction. Prestige will occupy the entire building in the spring of 2018. Prestige will utilize the existing 21,000 square feet of office space for its business operations.  The building, originally constructed in 1980, underwent a substantial office renovation in 2012 and features 27-foot ceiling heights, 32-foot column spacing the parking space for 245 vehicles. Gwathmey Siegel Klein designed the 175,438-square-foot former headquarters building, which includes more than 10 acres of property “Not only was the superb quality of the facility itself a great fit for Prestige, the location is centrally located relative to the location of its other dealerships, which was paramount to their leadership team,” Foley says.