NAI James E. Hanson Negotiates 5,559-Square-Foot Medical Office Lease in Paramus, N.J.

Jul 29, 2022

Paramus, N.J. (July 29, 2022)NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces the lease of 5,599 square feet of medical office space at 10 Forest Avenue in Paramus, N.J. NAI James E. Hanson’s Josh Levering, SIOR, Darren Lizzack, MSRE, and Randy Horning, MSRE, represented the tenant, MPV New Jersey MD Services, P.C., in the transaction with the landlord, Zohar Zisapel Properties, Inc. & Yehuda Zisapel Properties, Inc., who was represented by Masi Boyle Associates’ Rose Najarian.

10 Forest Avenue. is a three-story, 40,850-square-foot medical office building that is strategically located just off Route 4 West. The building features proximity to Paramus’ premier shopping center, The Westfield Garden State Plaza, as well as accessibility to Route 17, Interstate 80 and the Garden State Parkway.

Hoping to find space to consolidate two OBGYN practices into one suite, the tenant tapped NAI James E. Hanson to use their extensive list of local contacts in the competitive Bergen County medical office market to identify suitable options. The property stood out to the tenant due to its easily accessible location and proximity to its existing patient base.

“The competition for high-quality medical office space in northern New Jersey is fierce,” said Levering. “In such a tough market, it’s often difficult for health care providers to find locations that are not only easy to access but are adaptable to their needs. We’re happy to have played a role in helping this practice identify the ideal space and bring these in-demand services to the Paramus community.”

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