NAI James E. Hanson on Thursday said its team comprised of Darren Lizzack and Randy Horning sold a 25,944-square-foot medical office building in Fair Lawn.
Lizzack-Horning represented both the buyer, TYH Acquisitions LLC, and the seller, 2300 RT 208 LLC, in the transaction.
Located at at 23-00 Route 208 and situated on the western edge of Fair Lawn, the asset is a two-story, 25,944-square-foot medical office building with a marbled floor vestibule, two elevators and ample covered parking.
Lizzack-Horning has been the exclusive leasing team for 23-00 Route 208 since 2016, leveraging their deep experience in marketing and leasing of health care real estate. Together, the duo has helped the seller lease over 10,000 square feet at the building to a variety of tenants over the last six years.
“Medical office buildings that have long-term, in-place leases have proven to be a growing commodity in the northern New Jersey marketplace,” Lizzack stated. “As these properties continue to trend in a positive and steady direction, we’re proud to offer our services to help drive meaningful value and meet the needs of clients on any side of a transaction.”