NAI James E. Hanson negotiated the sale of a 62,535-square-foot, Class A medical office building in Clifton, according to a Thursday announcement.
NAI James E Hanson’s Team Lizzack-Horning, comprised of Darren Lizzack and Randy Horning, represented the buyer, Rendina Healthcare Real Estate, in the transaction with seller, First Equity Development Co.
Located at 1135 Broad St. near the intersections of Route 3 and the Garden State Parkway, the asset features recently renovated common areas, restrooms and lobbies and an onsite parking lot as well as a Grab N’ Go Smart Café to enhance the tenant experience. The property also has 600-foot frontage on the Garden State Parkway and is less than 10 minutes from the Clifton train station.
“Today’s health care providers are expecting their spaces to meet the high standard of service they provide their patients, so the competition for Class A space is very fierce,” Lizzack said. “This puts owners of these properties in an advantageous position to capitalize on the quality of their space and maximize the value of their investment while making it a challenging market for buyers. Fortunately, our brokerage platform enables us to work on behalf of our clients, whether they are a buyer or a seller, to help them find success in any market.”