80 Route 4 East, Paramus, NJ
PARAMUS, NJ— Edge Physical Therapy & Sports Medicine, LLC is relocating its headquarters facility to 80 Route 4 East here.
The firm inked a 5,374-square-foot lease at the complex, according to NAI James E. Hanson. The brokerage firm's Darren Lizzack, MSRE and Randy Horning, MSRE represented Edge Physical Therapy & Sports Medicine, LLC, and Cushman and Wakefield's Curtis Foster and Jerry Shifrin represented the landlord, Stanford Atrium Corp., in the transaction.
In response to its ongoing growth, NAI James E. Hanson says that Edge Physical Therapy was searching for a modern, well-configured space that would allow them to add other ancillary services. 80 Route 4 East's flexible floor plans coupled with the building's high visibility and proximity to Edge Physical Therapy's former headquarters two miles away will provide the facility with ideal access to current and prospective clients.
"We've seen a deliberate shift in medical office tenants' space needs in recent years, with consolidation and enhanced service offerings serving as the primary drivers," says Lizzack. "As a result, many providers have begun to rethink their real estate needs in order to reduce overhead while maintaining a competitive position in the marketplace."
Horning adds, "The changing configurations of medical office space as a result of this trend are also creating opportunities for landlords to secure long-term leases with practice groups that require larger amounts of space. The higher construction costs associated with these more complex build-outs create stability for landlords, ensuring steady, long-term cash flow with high quality, recession-resistant tenants."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
