676 Winters Ave. in Paramus — Courtesy: NIA National Realty
By Joshua Burd
A hospital system has acquired an 8,400-square-foot office building in Paramus, in one of two newly completed transactions by NIA National Realty.
The brokerage firm announced Thursday that Valley Health System has purchased 676 Winters Ave., which sits adjacent to what will become the hospital’s main campus in 2023. Located east of Route 17, the building features three floors of office space.
NIA President Roger Gross and Vice President Gregory Panayoti completed the transaction. Terms were not disclosed.
“Valley Health Systems turned to Paramus for a new location for their hospital after sustained opposition in Ridgewood to double the size of the facility in the village,” Panayoti said. “This property offers potential medical office and administrative support office space.”
Panayoti also completed the sale of 151 Route 17, a 5,600-square-foot flex building in Rochelle Park that is occupied by a European furniture company. The freestanding, two-story building is minutes from the intersection of Route 4 and the Garden State Parkway.
“This well-maintained building is strategically located in a prime and vibrant retail region,” Panoyoti said.