360 Essex St. in Hackensack — Courtesy: RIPCO Real Estate
By Joshua Burd
A rare endcap retail space is on the market at a well-known medical office building in downtown Hackensack, according to a leasing team with RIPCO Real Estate.
Brokers with the firm are representing Alfred Sanzari Enterprises, the owner of the property at 360 Essex St., where they are marketing between 1,800 and 8,122 square feet at the corner of Prospect Avenue. Existing tenants at the Alfred N Sanzari Medical Arts Building include Starbucks, Bank of America and Bite Food & Coffee, serving a growing population of patients and employees at the property and at Hackensack University Medical Center across the street, as well as residents of the city’s fast-growing apartment stock.
RIPCO’s Curtis Nassau and Patrick Brake lead the leasing assignment.
“The site is the only retail center on Prospect Avenue between Essex Street and Passaic Street to service 1,900 weekly patients and 9,000 employees,” Nassau said, “plus visitors at the hospital, and 9,100 residents in the Prospect Avenue high-rises whose residents have strong incomes and education levels.”
Downtown Hackensack is also home to the Bergen County offices and courthouse, plus a host of law firms and other professionals. The RIPCO team noted that the area has larger populations of both residents and workers, as well as more households earning more than $100,000 annually, than Paramus, Clifton, Morris Plains and Bridgewater.
What’s more, the medical arts building “is a hybrid of urban and suburban retail with surface parking,” RIPCO said. That includes the recent addition of six spaces for rapid pickup and takeout directly in front of the retail.
Meantime, Prospect Avenue is home to nearly three dozen apartment buildings with more than 4,000 units in total.
