NAI James E. Hanson announced it negotiated a lease extension for 5,511 square feet of medical office space located in Clifton.
NAI Hanson’s Randy Horning and Darren Lizzack represented the landlord, First Equity Development Co., in the transaction with the tenant, Kessler Institute for Rehabilitation Inc., represented by John Morrissey of Jackson Cross Partners.
Located at 1135 Broad St., the property is a three-story, 68,000-square-foot medical office building with high visibility from the southbound side of the Garden State Parkway at the intersection of Route 3.
Additionally, the property is located 20 minutes from the George Washington Bridge and 15 minutes from both the Lincoln Tunnel and Newark International Airport.
Kessler was recently ranked the No. 2 Rehabilitation Hospital in the Nation by U.S. News and World Report. As the nation’s largest rehabilitation hospital, Kessler features three campuses in New Jersey where they treat individuals throughout the state, across the country and around the world. Their 5,511-square-foot lease at 1135 Broad St. is one of more than 95 Kessler Rehabilitation Center locations in northern New Jersey.
“Three of the most important factors when it comes to site selection for medical office users boils down to an ideal location, strong area demographics and a great tenant mix,” said Horning. “While oftentimes medical users may need to prioritize or compromise on some of these aspects when securing medical office space, 1135 Broad St. delivers on all of these fronts while also featuring an elegant, modern design.”