MAY 2024

4B — May 2024 — Central New Jersey — M id A tlantic Real Estate Journal

C entral N ew J ersey

Team Lizzack-Horning represents the seller, Lambs Lane Holding, LLC NAI James E. Hanson negotiates sale of partnership interest of Englewood, NJ MOB shopping, dining, banking and other retail outlets.

ORTHERN, NJ — NAI James E. Han- son has arranged the sale of the following transactions: BERGEN COUNTY — NAI James E. Hanson has arranged the sale of a partnership in- terest of 180 North Dean St., an 18,488 s/f medical office building located in Englewood. NAI James E. Hanson’s Team Lizzack-Horning, comprised of Darren Lizzack, MSRE and Randy Horning, MSRE represented the seller, Lambs Lane Holding, LLC in the transaction with the buyer, Hahn Properties, LLC . N

have helped facilitate the sale of our client’s owner- ship stake and help bring a complementary healthcare practice to the building.” NAI James E. Hanson has negotiated a 1,750 s/f office lease at 18 West Passaic St. in Rochelle Park. NAI James E. Hanson’s Jonathan Kristo- fich and Josh Levering, SIOR represented both the landlord, Passaic Street As- sociates, LLC, and the tenant, Vyom Donut Management, LLC, in the transaction. Located near the inter- change of Rtes. 4 and 17 and the Garden State Parkway, 18 West Passaic St. is an 8,200 s/f multi-tenant flex building featuring executive-covered parking, an elevator, 24/7/365 tenant access and professional on-site management. In addi- tion, the property boasts close proximity to Westfield Garden State Plaza as well as other major retailers including BJ’s Wholesale Club and IKEA. Tapped as the brokerage firm for the property, NAI James E. Hanson leveraged its local market expertise to connect the landlord with prospective tenants and ul- timately brokered this deal. The tenant will relocate from Paramus and join current tenant State Farm Insurance Agency at the property. “18 West Passaic St. is a high-quality, well-located building that makes it an ideal location for a wide range of businesses,” said Kristofich. “Knowing the local market well, having the right skills, and good connections are key to making deals like this hap- pen. As the exclusive leasing agent for the property, we take pride in finding the perfect mix of tenants based on the landlord’s needs and goals.” MORRIS COUNTY — NAI James E. Hanson negotiated the sale of an 8,000 s/f office building located at 22 Rte. 10 in Succasunna. NAI James E. Hanson’s Joseph Vindigni represented the buyer, Heri- tage Succasunna, LLC in the transaction with the seller, Portwood, LLC. Purchased by Heritage Suc- casunna, LLC as an investment property, 22 Rte. 10 is a two- story office building situated on .70 acres along Rte. 10. The building is fully leased to a diverse mix of tenants. The property also boasts proximity to several retail outlets. MAREJ

The building is owned by six partners who each manage their respective healthcare practices. The owner of Lambs Lane Holding, LLC, now re- tired, operated a plastic sur- gery practice at the property for over three decades. Hahn Properties, LLC will be utiliz- ing a 2,971 s/f space to operate a physical therapy business. “Well-located medical office space continues to be in high demand from operators across the healthcare industry,” said Lizzack. “We are pleased to

180 North Dean St.

180 North Dean St. is a three- story, 18,488 s/f medical office building ideally located just one block from Englewood Hospital.

The property boasts convenient access to Rte. 4 and I-80 and 95 and is situated within walking distance of a wide variety of


CURRENT AVAILABILITIES Units 5-7 30,918 sf Unit 4 3,649 sf 120 Mount Holly Bypass Lumberton, NJ, 08048 140 Mount Holly Bypass Lumberton, NJ, 08048

The Burlington County Business Center is located within several miles of NJ Turnpike Exit 5 and Exit 40 of I-295, and was built in response to the needs of enterprises requiring a highly accessible location in Burlington County. The park features attractive modern warehouse, flex office, retail, and professional buildings at the crossroads of NJ Route 38 and County Route 541 (the Mount Holly Bypass) in Lumberton, NJ.

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