Valley Medical will occupy most of the first floor.
C&W’s Jeffrey Prezant represented the landlord, American Equity Partners, in the transaction, with the brokerage’s Peter Hamburger, Robert Rudin and Jan Randall represented the tenant.
“Valley is a great tenant, and we are excited they committed to our building with a long-term deal,” David Elkouby of American Equity Partners said. “We very much enjoyed working closely with Cushman & Wakefield, as they did a great job bringing this deal to a close.”
The Paramus Corporate Center is a four-story, Class A office building totaling 119,846 square feet. The property recently underwent major renovations using all-sustainable and energy-efficient materials, resulting in a rebuilt modern lobby, new common areas, flooring, roofing, lighting and bathrooms. Common amenities include a new café, lounge and fitness center.
“Ownership has done an incredible job renovating the building to provide tenants with a best-in-class office environment, equipped with everything they need to be successful,” Prezant said. “Valley Medical Group will benefit from the property’s ideal location and brand new amenities.”
The asset is adjacent to Westfield Mall and is in proximity to an abundance of retail, dining and entertainment options. The property is easily accessible from Routes 17 and 4 and the Garden State Parkway, allowing easy access to the George Washington Bridge, Lincoln Tunnel and surrounding New Jersey and New York neighborhoods.