Hackensack, N.J. (June, 2016) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces the brokering of the sale of a 45,912-square-foot medical office building located at 155 Polifly Road in Hackensack, N.J. NAI Hanson’s Randy Horning, Darren Lizzack, represented the seller, Polifly Plaza Associates, LLC, and the buyer, Polifly Group, LLC was represented by NAI Hanson’s Anthony Cassano.
155 Polifly Road is a three-story medical office building situated between I-80 and the Hackensack River, providing easy access to Routes 17 and 46 as well as The New Jersey Turnpike. The NJ Transit bus stop and train station located just a short walk away makes the property easily commutable to New York City. Ample covered parking and its close proximity to Hackensack University Medical Center make it an ideal location for doctors and patients alike.
“With approximately fifty-percent vacancy at the time of closing, 155 Polifly Road provided the buyer with an enticing value-add opportunity,” said Cassano. “We are continuing to see higher demand for medical office spaces in the Hackensack market and this value-add opportunity is a perfect example. As the healthcare industry moves to a wellness model meant to keep people healthy and out of the hospital, we expect well-located medical office space to remain competitive with investors and tenants.”
Hackensack University Medical Center currently occupies the first floor, leaving 20,269 square feet available for new tenants. The third floor is currently vacant, offering 15,000 square feet of contiguous office space with New York City views.
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with 400 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.