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231,000-SF Industrial on the Market

CLIFTON, NJ-Morris Cos.' four-year-old 261 River Rd. is listed for lease or sale in the wake of occupant EK Success' departure.

By Eric Peterson | Updated on November 13, 2008

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.

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