NAI James E. Hanson Negotiates Sale of Partnership Interest of Englewood, N.J. Medical Office Building
Englewood, N.J (April 16, 2024) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has arranged the sale of a partnership interest of 180 North Dean Street, an 18,488-square-foot medical office building located in Englewood, N.J.
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.
180 North Dean Street is a three-story, 18,488-square-foot medical office building ideally located just one block from Englewood Hospital. The property boasts convenient access to Route 4 and Interstates 80 and 95 and is situated within walking distance of a wide variety of shopping, dining, banking and other retail outlets.
The building is owned by six partners who each manage their respective healthcare practices. The owner of Lambs Lane Holding, LLC, now retired, operated a plastic surgery practice at the property for over three decades. Hahn Properties, LLC will be utilizing a 2,971-square-foot 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 have helped facilitate the sale of our client’s ownership stake and help bring a complementary healthcare practice to the building.”
Founded in 2014, Team Lizzack-Horning is an expert brokerage team that specializes in healthcare, office, and investment property transactions. Leveraging a holistic and analytical approach to working with clients, Team Lizzack-Horning’s expertise and experience are augmented by a trusted network of real estate service providers that help clients of any size navigate an increasingly complex healthcare real estate transaction process. Together, the team has successfully closed more than 80 deals over the past 24 months totaling more than $100 million.
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 325 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Teterboro office at 201-488-5800 or visit www.naihanson.com.
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