Belleville, N.J. – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces that it has negotiated an 8,796-square-foot medical office lease renewal at 36 Newark Avenue in Belleville, N.J. NAI James E. Hanson’s Team Lizzack-Horning comprised of Darren Lizzack, MSRE, and Randy Horning, MSRE, represented the landlord, Everest Healthcare Properties, in the transaction with the New Jersey Imaging Network, who was represented by Versa PM NJ, LLC.
36 Newark Avenue is a three-story, 47-842-square-foot medical office building that is connected to Clara Maass Medical Center via an indoor pedestrian bridge. Featuring various medical office suite sizes, the building is an ideal fit for physicians and healthcare providers in need of space that offers patients care in a technology-rich environment.
Widely respected for their experience in negotiating healthcare and office transactions, the landlord tapped Team Lizzack-Horning as the exclusive brokerage team for the property in November 2021 to attract and retain tenants. A tenant at the property since 2015, the New Jersey Imaging Network will continue to operate a primary care office within their space.
“Location is one of the most important factors impacting a healthcare tenant’s decision to renew or move to a different location,” said Lizzack. “36 Newark Avenue’s location and accessibility to a fully-accredited acute care facility offering world-class medical treatment provides its tenants with a terrific opportunity to deliver care to the community. We’re proud to have provided the real estate services needed to negotiate a renewal and keep a New Jersey Imaging Network office in Belleville.”
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 are 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 80 deals over the past 24 months totaling more than $100 million.
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