NAI James E. Hanson on Thursday said it negotiated an 8,796-square-foot medical office lease renewal at 36 Newark Ave. in Belleville.
NAI James E. Hanson’s Team Lizzack-Horning, comprised of Darren Lizzack and Randy Horning, represented the landlord, Everest Healthcare Properties, in the transaction with the New Jersey Imaging Network, who was represented by Versa PM NJ LLC.
36 Newark Ave. is a three-story, 47,842-square-foot medical office building that is connected to Clara Maass Medical Center via an indoor pedestrian bridge. Featuring various medical office suite sizes, the building is an ideal fit for physicians and health care providers in need of space that offers patients care in a technology-rich environment.
Widely respected for their experience in negotiating health care and office transactions, the landlord tapped Team Lizzack-Horning as the exclusive brokerage team for the property in November 2021 to attract and retain tenants. A tenant at the property since 2015, the New Jersey Imaging Network will continue to operate a primary care office within their space.
“Location is one of the most important factors impacting a health care tenant’s decision to renew or move to a different location,” Lizzack said. “36 Newark Ave.’s location and accessibility to a fully accredited acute care facility offering world-class medical treatment provides its tenants with a terrific opportunity to deliver care to the community. We’re proud to have provided the real estate services needed to negotiate a renewal and keep a New Jersey Imaging Network office in Belleville.”