WOODLAND PARK, NJ-NAI James E. Hanson has been selected as the exclusive leasing agent for approximately 115,000 square feet of medical office space at the Passaic Valley Medical Center located at 1225 McBride Avenue here.
Owner 1225 McBride Ave. LLC is searching for healthcare professionals including wound care, sleep center, adult daycare and urgent to occupy the two-story, 185,000-square-foot building near routes 3, 46 and 80. Current tenants include a surgical center, a dialysis center, an orthopedic surgeon, a heart and vascular group and a neurology group. The asking rent, according to LoopNet, is $25 per square foot, but is “negotiable.”
"This well-located and well-maintained property is ideal for medical office users for many reasons but above all else, because it is large enough to accommodate a vast array of healthcare professionals servicing a densely populated community," NAI James E. Hanson associate VP Darren M. Lizzack, who is handling the assignment. "Provided the building's updated amenities, superior reputation of the owners and their flexibility in regard to lease arrangements to accommodate the financial needs of a prospective tenant, the Passaic Valley Medical Center is a preferred medical office building in New Jersey. We are pleased to have been selected to represent this property and look forward to fulfilling our client's needs."
The facility is located close to several hospitals, including Mountainside Hospital, St. Mary’s Hospital, Hackensack University Medical Center and Bergen Regional Medical Center. Built in 1964, the Kearfott Corporation operated the site as a research facility for electronic guidance systems used by the US Department of Defense. The company consolidated operations nearby in 2006, and the facility was renovated into medical office space beginning in 2005.
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