Paramus, N.J. (July 19, 2021) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a lease for 1,433-square-feet of medical office space at 120 Route 17 North in Paramus, N.J. NAI James E. Hanson’s Darren Lizzack, Randy Horning, and David Ukleja represented the tenant, Specialty Infusion Leasing LLC, in the transaction with the landlord, MRH Real Estate Services, Inc.
Situated in an ideal location in the heart of Bergan County, 120 Route 17 is a two-story 50,000-square-foot office building just minutes from the Garden State Plaza and Paramus Park malls as well as the Garden State Parkway, Interstate 80 and Routes 4, 17 and 208. Recently renovated, the building boasts 96.7 percent occupancy and provides tenants with built-to-suit spaces, shared conference rooms and kitchens, on-site management, and abundant parking.
Founded on the principle of exceptional care to patients with multiple sclerosis, Specialty Infusion is the region’s fastest growing infusion therapy service with a vast network of clinics throughout the New York metro area. As the company hoped to open its first New Jersey office, it tapped Team Lizzack-Horning to identify a suitable space that fit its needs. Team Lizzack-Horning leveraged their deep understanding of the northern N.J. office and healthcare market to identify 120 Route 17 as the perfect location for Specialty Infusion’s next office and the springboard for their continued expansion in New Jersey.
“Despite the complexities and uncertainty the COVID-19 pandemic continues to bring to the commercial real estate market and the companies currently trying to navigate it, we were once again able to tap our local contacts and expertise to provide a smooth transaction on behalf of a client with a highly specific space need in the market,” said Lizzack. “The space at 120 Route 17 provides Specialty Infusion with an accessible location designed to meet the needs of their patients as the company seeks to further expand into N.J.”
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, like GWG, that help clients of any size navigate an increasingly complex healthcare real estate transaction process. Together, the team has successfully closed more than 100 deals over the past five years. The team’s expertise in healthcare transactions has also earned it a spot on GlobeSt. Real Estate Forum’s Influencers in Healthcare list for the last two consecutive years.
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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 300+ offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Teterboro office at 201-488-5800 or visit www.naihanson.com.