NAI James E. Hanson said March 11 it negotiated a lease for 3,741 square feet of medical office space with ChoicePoint LLC at 23-00 Route 208 in Fair Lawn. NAI James E. Hanson’s Randy Horning and Darren Lizzack represented the landlord, 2300 RT 208 LLC, in the transaction.
Located at the intersection of Route 208 and Maple Ave., the asset is a two-story, 28,000-square-foot medical office building featuring the tremendous accessibility and visibility prized by today’s medical office users.
In addition to its favorable location, it also boasts ample parking with a ratio of four spaces per 1,000 square feet and strong area demographics with access to 433,654 residents within a five-mile radius. Previously based in Saddle Brook, ChoicePoint recognized the location and adaptability of the space offered as an ideal opportunity to relocate its growing practice.
ChoicePoint is a leader in providing accessible, effective addiction treatment both in peaceful, spa-like treatment centers and through virtual platforms. Programs are personalized to each client’s unique needs. As ChoicePoint sought to grow its footprint throughout New Jersey, leadership recognized that 23-00 Route 208’s flexibility and central location between several hospital systems including Valley Health System, St. Joseph’s Health, Hackensack Meridian Health, Englewood Health and Holy Name Medical Center provided an ideal new home for their flagship location.
“While the broader health care real estate sector is well-positioned for stability coming out of the COVID-19 pandemic, we expect demand from behavioral health and addiction treatment tenants to be particularly high as their services only become more vital over the next several years,” said Horning. “23-00 Route 208’s central location between several major hospital systems and strong area demographics as well as a diverse and complementary tenant mix exemplifies the gold standard for these types of users. We were happy to work with ChoicePoint to find their new home and increase access to their important services throughout the local area.”