NAI James E. Hanson, a Teterboro-based commercial real estate firm, announced on Wednesday it has negotiated a medical office lease in North Bergen for Holy Name Real Estate Group.
The 2,700-square-foot space is located within 8305 Bergenline Ave., a four-story, 52,800-square-foot medical and residential mixed-use building.
NAI Hanson’s Darren Lizzack and Randy Horning represented the landlord, The Estate of Robert Birns, in the deal. Cresa‘s Jonathan Marks represented Holy Name. Operating as Holy Name Pulmonary Associates, the group will provide critical care services specializing in pulmonary medicnie, internal medicine and sleep medicine as part of Holy Name Medical Partners and the Harmony Health Network.
“Despite a broader slowdown in the commercial real estate market, the medical office market continues to see strong demand across northern New Jersey,” Lizzack said. “As a result, it is important for medical office owners to optimize their portfolios to capitalize on what has become a highly lucrative market. This deal showcases how experienced and knowledgeable brokerage teams like ours can work with landlords to find solutions that make the most sense for them and their business goals as they seek to maximize the income producing potential of their properties.”
The property is within close access to the Lincoln Tunnel, Interstate 95 and routes 1 and 9.