NAI James E. Hanson said Oct. 5 it negotiated the sale of a 1,212-square-foot medical office condo at 400 Franklin Turnpike in Mahwah.
NAI James E. Hanson’s Team Lizzack-Horning, led by Darren Lizzack and Randy Horning, represented the seller, Pondview Medical Center of Ridgewood, in the transaction with Dr. Laura Randolph.
Featuring 36,000 square feet of dedicated medical office space, 400 Franklin Turnpike boasts an excellent location with easy access to Route 17 and Interstate 287. Additionally, the building’s attentive property management and maintenance teams enable physicians to own their spaces without handling time-consuming and labor-intensive property management duties.
Forced to relocate because of the sale of her previous building, Randolph recognized 400 Franklin Turnpike’s strategic location near her current office paired with a wide range of complementary health care tenants would create the ideal conditions for future growth.
“Despite the emergence of telehealth during the pandemic, this deal reflects physicians’ unquestionable need for physical offices moving forward,” explained Lizzack. “Locations like 400 Franklin Turnpike that both ensure improved community access and allow physicians to make an investment into an asset class poised for continued growth and stability will continue to stand out in the months to come.”
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