120 Route 17 North in Paramus — Courtesy: NAI James E. Hanson
By Joshua Burd
An infusion therapy service is expanding to New Jersey with a newly completed lease in Paramus, in a transaction arranged by NAI James E. Hanson.
The brokerage team said the tenant, Specialty Infusion Leasing LLC, will occupy 1,433 square feet of medical office space at 120 Route 17 North. Its new location sits within a two-story 50,000-square-foot building that is minutes from the Garden State Parkway, Interstate 80 and routes 4, 17 and 208, along with retail amenities such as the Westfield Garden State Plaza and Paramus Park malls.
NAI Hanson’s Darren Lizzack, Randy Horning and David Ukleja represented the tenant in the lease with MRH Real Estate Services Inc.
“Despite the complexities and uncertainty the COVID-19 pandemic continues to bring to the commercial real estate market and the companies currently trying to navigate it, we were once again able to tap our local contacts and expertise to provide a smooth transaction on behalf of a client with a highly specific space need in the market,” Lizzack said. “The space at 120 Route 17 provides Specialty Infusion with an accessible location designed to meet the needs of their patients as the company seeks to further expand into (New Jersey).”
In announcing the deal, NAI Hanson said Specialty Infusion provides care to patients with multiple sclerosis and is the region’s fastest-growing infusion therapy service. With a growing network of clinics throughout the New York metro area, the operator will use the Paramus location to make its entrance to the Garden State.