Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CLIFTON, NJ-The 230,953-square-foot industrial building at 261 River Rd. here has been put on the market for lease in its entirety, or for sale. Owned by the Rutherford, NJ-based Morris Cos., the building on 12 acres is listed for lease with an asking price of $8.75 per square foot. A for-sale asking price has not been indicated.

And Morris Cos. has hired Cushman & Wakefield to fill or move the building, with Stephen Elman, Noah Balanoff, Stan Danzig and Robert Adams of the firm’s East Rutherford office handling the assignment. Built in 2004, the asset had been occupied since then by novelty stationer EK Success, which has since relocated its operations within the region.

Also known as Clifton III as part of a three-building industrial complex, the availability consists of just less than 33,000 square feet of corporate office space, 4,364 square feet of warehouse office space and nearly 193,600 square feet of W/D space with 36-foot clear ceilings. The location is just off Route 3, with signage visible from that highway.

“In a market with very little first-generation industrial space, it presents an unusual opportunity to buy or lease a well-configured facility,” Elman says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.