Teaneck, N.J. – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 6,000-square-foot medical office building located at 315 Cedar Lane in Teaneck, N.J. NAI James E. Hanson’s Team Lizzack-Horning, comprised of Darren Lizzack, MSRE and Randy Horning, MSRE, represented the seller, Teaneck Medical, LLC and Re/Max Signature Homes represented the buyer, Only Grace Properties, LLC, in the transaction.
Teaneck Medical is a specialty medical group that previously operated an oral surgery practice in a 3,800-square-foot office at 315 Cedar Lane. As the practice grew, it recognized a need for additional space and worked with Lizzack and Horning to purchase a new 10,000-square-foot office in Paramus in September 2022. Only Grace Properties plans to utilize the fully furnished 3,800-square-foot dental office to operate its own dental practice.
315 Cedar Lane is a two-story, 6,000-square-foot medical office building strategically located in downtown Teaneck. The building is easily accessible via Route 4 and Interstate 80 and boasts close proximity to both Holy Name Medical Center and Hackensack University Medical Center. In addition, the property features a private on-site parking lot available for tenant and customer use.
“With its fully built-out suite ideally suited for a dentist’s office and close proximity to two major hospitals, the buyer recognized 315 Cedar Lane as the perfect user/investment purchase to support their growing practice,” said Lizzack. “We’re proud to have connected our client with an ideal buyer for the building and we look forward to continuing to provide the services they need.”
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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