NAI James E. Hanson has negotiated the sale of a 63,000-square-foot medical office building at 855 Valley Rd. in Clifton, N.J. Team Lizzack-Horning, comprised of Darren Lizzack and Randy Horning, represented the buyer, an undisclosed healthcare system, the transaction in the with seller Bliss Valley Associates, LLC.
With a shortage of high-quality inventory available in the northern New Jersey medical office space market, the buyer enlisted Team Lizzack-Horning to find a new space. Leveraging their experience in the market, Team Lizzack-Horning used their extensive list of local contracts to survey for off-market properties.
Situated on 2.09 acres, 855 Valley Rd. is a four-story office building featuring 24-hour controlled access. The buyer intends to construct a 20,000-square-foot outpatient surgery center on the top floor and will lease the balance of the building. Team Lizzack-Horning has also been tapped to oversee leasing for the 43,000 square feet of available space.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).
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