Ridgewood, N.J. (June 22, 2021) – NAI James E. Hanson announces it has negotiated the sale of 1,219 square feet of medical office space at 1124 East Ridgewood Avenue in Ridgewood, N.J. NAI James E. Hanson’s Team Lizzack-Horning led by Darren Lizzack, MSRE, and Randy Horning, MSRE, represented the seller, Pondview Medical Center of Ridgewood, LLC, in the transaction with Dr. Daniel J. Char.
Standing at 31,600 square feet, 1124 East Ridgewood Avenue provides an excellent location with quick access to Route 17 and the Garden State Parkway. Along with the desirable location, this property offers physicians the opportunity to purchase their own medical office spaces while also providing attentive property management and maintenance. A long-time owner at 1124 East Ridgewood Avenue, Dr. Char, Director of Vascular Intervention, The Valley Hospital, was hoping to expand his practice at the building and worked closely with Team Lizzack-Horning to negotiate the sale of an additional 1,219 square feet of medical office space.
“As we look to emerge from the pandemic, the importance of community-based healthcare has only increased,” said Lizzack. “With the growth of these practices, spaces like 1124 East Ridgewood Avenue not only offer an opportunity to better deliver care into local communities but also enable physicians to make a long-term investment in an asset class poised for ongoing strength and stability.”
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.