Fair Lawn, N.J. (March 11, 2021) – NAI James E. Hanson announces it has negotiated a lease for 3,741 square feet of medical office space with ChoicePoint LLC at 23-00 Route 208 in Fair Lawn, N.J. NAI James E. Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the landlord, 2300 RT 208 LLC, in the transaction.
Located at the intersection of Route 208 and Maple Avenue in Fair Lawn, N.J., 23-00 Route 208 is a two-story, 28,000-square-foot medical office building featuring the tremendous accessibility and visibility prized by today’s medical office users. In addition to its favorable location, 23-00 Route 208 also boasts ample parking with a ratio of four spaces per 1,000 square feet and strong area demographics with access to 433,654 residents within a five-mile radius. Previously based in Saddle Brook, N.J., ChoicePoint recognized the favorable location and adaptability of the space offered an ideal opportunity to relocate their growing practice.
ChoicePoint is leader in providing accessible, effective addiction treatment both in peaceful, spa-like treatment centers and through virtual platforms. Their programs are personalized to each client’s unique needs, and they help every individual reach their goals. As ChoicePoint sought to grow their footprint throughout New Jersey, their leadership recognized that 23-00 Route 208’s flexibility and central location between several hospital systems including Valley Health System, St. Joseph’s Health, Hackensack Meridian Health, Englewood Health and Holy Name Medical Center provided an ideal new home for their flagship location.
“While the broader healthcare real estate sector is well positioned for stability coming out of the COVID-19 pandemic, we expect demand from behavioral health and addiction treatment tenants to be particularly high as their services only become more vital over the next several years,” said Horning. “23-00 Route 208’s central location between several major hospital systems and strong area demographics as well as a diverse and complementary tenant mix exemplifies the gold standard for these types of users. We were happy to work with ChoicePoint to find their new home and increase access to their important services throughout the local area.”
Made up of Darren Lizzack, MSRE, and Randy Horning, MSRE, Team Lizzack-Horning of NAI James E. Hanson is an expert brokerage team that specializes in healthcare, office and investment property transactions. Named to the 2019 and 2020 GlobeSt. Real Estate Forum Healthcare Influencers List, Team Lizzack-Horning has also become one of New Jersey’s most successful healthcare brokerage teams. More than just transaction managers, Team Lizzack-Horning adopts a holistic and analytical approach to real estate and has created a deep network of trusted professionals to help clients navigate the increasingly complex nature of today’s transactions. Together, the team has successfully closed more than 70 deals over the past four years.
Since 2016, Team Lizzack-Horning has been the exclusive leasing team for 23-00 Route 208. Leveraging their deep experience in marketing and leasing of healthcare real estate, Team Lizzack-Horning has helped 2300 RT 208 LLC lease over 10,000 square feet at the building to a variety of tenants over the last five years.