NAI Hanson’s Horning and Lizzack Negotiate Sale of Medical Office in Hackensack, N.J.
Hackensack, N.J. (December 5, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has brokered the sale of a 2,610-square-foot medical office at 160 Overlook Avenue, Suite 1A in Hackensack, N.J. NAI Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the seller, R.A.F. Realty of Hackensack, LLC, in the transaction with the buyer, Genesis Pain Management.
160 Overlook Avenue is a 25-story, 153,045-square-foot residential building with a 2,610-square-foot medical office unit on the ground floor. The building is located two blocks away from Hackensack University Medical Center, one of northern New Jersey’s premier hospitals. The space also boasts easy access to Routes 4, 17 and 46 as well as Interstate 80. The seller was looking for a smaller space in Hackensack and decided that the time was right to sell. Genesis Pain Management had been leasing in Teaneck and was looking to purchase a space to enable them to serve more patients in a convenient location.
“Real estate is often one of the major headaches that medical users must deal with over the course of a year,” said Horning. “Many doctors are forced to take time out of their busy days to deal with managing their practices’ real estate needs. Working with a knowledgeable and highly experienced real estate team allows doctors to remove much of the stress that stems from their practices’ real estate needs and instead focus on continuing to deliver the gold-standard in patient care.”
NAI James E. Hanson Team Lizzack-Horning have recently published their 3Q 2017 Medical Office report, which highlights market trends and key data. To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook (www.facebook.com/NAIHanson), Twitter (@NAI_Hanson), and LinkedIn (www.linkedin.com/company/nai-james-e-hanson). To learn more about Team Lizzack- Horning, please follow them on Facebook, Twitter, LinkedIn and Instagram.