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New York & Tri-State  + New Jersey  + Healthcare  | 

MOB Trades Along One of Bergen County’s Leading Medical Corridors

Cushman & Wakefield arranged the sale and financing of a medical office building located at 400 Old Hook Rd. in Westwood, NJ, less than half a mile from Hackensack Meridian Health’s Pascack Valley Medical Center. The 33,277-square-foot, three-story medical office building sold for $4.35 million to an undisclosed buyer. 

Cushman & Wakefield’s Private Capital Group, including Andrew Schwartz, Jordan Sobel, André Balthazard and Dan Bottiglieri, marketed the asset for sale on behalf of the owner, 400 Old Hook Owner LLC, and procured the buyer. 

“Medical office continues to be one of the most sought-after asset classes in New Jersey, particularly in locations with strong health system adjacency and durable tenancy,” said Sobel. “400 Old Hook Rd. checks all those boxes.”

Financing was arranged by Brian Anderson and Eddie Miro from Cushman & Wakefield’s Equity, Debt & Structured Finance team. The property is located along one of Bergen County’s leading medical corridors and is currently 77% leased.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition