Paramus, N.J. (January 28, 2022) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a lease for 2,224 square feet of medical office space at 122 E. Ridgewood Avenue in Paramus, N.J. NAI James E. Hanson’s Team Lizzack-Horning led by Darren Lizzack, MSRE, and Randy Horning, MSRE, represented the landlord, E. 122 Ridgewood Avenue Company, LLC in the transaction with the tenant, Paramus Dentist LLC.
Spanning 15,000 square feet, 112 E. Ridgewood Avenue offers modern, built-to-suit medical office space in a highly accessible location on the main thoroughfare between the Garden State Parkway and Route 17. In addition, the property’s location directly across the street from Valley Health System’s brand-new state-of-the-art 910,000-square-foot, 372-bed hospital projected to be completed in 2023 places it within what will soon become one of Bergen County’s premier healthcare corridors.
“Ongoing supply chain woes coupled with a 20 percent rise in construction costs over the last 18 months, have made it increasingly difficult to structure long-term leases that require costly buildouts, especially for practices in a start-up phase,” said Horning. “However, our collaborative approach enables us to work closely with landlords and tenants like Paramus Dentist to craft leases that are mutually beneficial to both parties. We look forward to seeing Paramus Dentist open its new office and continuing to work closely with the northern New Jersey healthcare community to close deals in our complex market over the coming months.”
Founded in 2014, Team Lizzack-Horning is an expert brokerage team that specializes in healthcare, office and investment property transactions. Leveraging a holistic and analytical approach to working with clients, Team Lizzack-Horning’s expertise and experience is augmented by a trusted network of real estate service providers that help clients of any size navigate an increasingly complex healthcare real estate transaction process. Together, the team has successfully closed more than 180 deals over the past eight years.
For information on leasing opportunities at 122 E. Ridgewood Avenue, contact Darren Lizzack at 201 488 5800 x104 or firstname.lastname@example.org, Randy Horning at 201 488 5800 x123 or email@example.com