NAI James E. Hanson has announced the sale of a 14,000-square-foot office building at 50 Craig Road in Montvale.
50 Craig Road is a property that sits on 3.8 acres, the real estate firm said.
John Schilp represented the seller, Premier Associates LLC, in the exclusive transaction.
“We’re continuing to see strong demand for medical office space in the northern New Jersey market, yet not enough buildings currently exist in the market that fulfill the unique needs of medical clients,” Schilp said in a prepared statement. “ … We recognized that 50 Craig Road provided superior adaptive reuse potential for medical office users, especially given the shortage of medical office space in Bergen County.”
Financial terms of the sale and the buyer were not disclosed.
NAI James E. Hanson has offices in Teterboro and Parsippany.