Maywood, N.J. (November 21, 2019) – NAI James E. Hanson announces it has negotiated a 1,830-square-foot lease at 240 West Passaic Street in Maywood, N.J. NAI James E. Hanson’s Darren Lizzack and Randy Horning represented the tenant, Comprehensive Endocrinology, P.C., and McBride Corporate Real Estate’s Kevin O’Rourke represented the landlord, Miraj Realty, LLC, in the transaction.
Strategically located in Maywood, N.J., 240 West Passaic Street sits on a primary road connecting Hackensack, Maywood and Rochelle Park. With proximity to Route 17 and a location less than two miles from Hackensack University Medical Center, the 18,000-square-foot, two-story medical office building offers an ideal location and easy accessibility to a wide pool of prospective patients. The well-maintained property also features ample parking and an elevator.
Offering complete endocrine care, Comprehensive Endocrinology, PC was started by Dr. Ari Geliebter in 2017. Board-certified in Internal Medicine and Endocrinology, Diabetes, and Metabolism, through Comprehensive Endocrinology, PC Dr. Geliebter specializes in a range of services, including the diagnosis and management of diabetes, obesity, thyroid disorders, osteoporosis, pituitary disorders and adrenal disorders, among others. Formerly based in Hackensack, N.J., Dr. Geliebter was searching for space for his independent practice that would offer a centralized location to both existing and prospective patients in the surrounding areas.
“With major health systems acquiring many of the smaller practice groups across the state, the number of single practitioners searching for medical office space has decreased precipitously,” said Horning. “As a result, landlords with smaller spaces are sometimes finding it difficult to secure tenants for their spaces. With this in mind, we were able to leverage our deep market knowledge to help Dr. Geliebter secure his new office with highly favorable economic terms and a full buildout, which is a rare occurrence in the medical market.”
For more insights on the northern New Jersey medical office market, please download NAI James E. Hanson’s Q3 2019 Medical Office Report, which highlights market trends and key data in the medical office asset class throughout the region.