Colliers on Wednesday announced the successful sale of 14-01 Broadway, a premier 15,000-square-foot medical office building in the heart of Bergen County. The three-story asset was acquired by a private investor following a competitive auction process, highlighting the continued resilience of the “defensive” medical office sector.
The Colliers team, led by Jacklene Chesler, vice chair; Patrick Norris, vice president; and Brittany Leventoff, transaction manager, acted as the exclusive advisor for the Special Servicer in the REO (Real Estate Owned) transaction.
Constructed in 2012, the property serves as a vital outpatient hub for the Fair Lawn community. It is anchored by AbraHealth Children’s Surgery Center (also known as the Children’s Ambulatory Surgery Center of NJ), a state-of-the-art facility that occupies more than 50% of the building.
The center is a critical regional resource, providing specialized outpatient pediatric surgical care—specifically advanced dental and oral surgery—in a warm, child-friendly environment. The property’s 100% occupancy is rounded out by a mix of established healthcare providers, ensuring stable, long-term cash flow for the new owner.
The asset’s value is bolstered by its position within a dense network of major medical institutions. There are eight major hospitals located within an 11-mile radius, including:
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Hackensack University Medical Center
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St. Joseph’s University Medical Center
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Valley Health System (Paramus)
“The sale of 14-01 Broadway reflects the continued investor appetite for high-quality medical office assets in supply-constrained submarkets,” Chesler said. “Properties with proximity to major health care systems continue to attract capital seeking stability.”
Located along the highly visible Broadway (NJ Route 4) corridor, the building features an on-site, street-level covered parking garage—a premium amenity for medical tenants. The site offers seamless regional connectivity via:
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Roadways: Immediate access to the Garden State Parkway, I-80, Route 17, and Route 208.
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Transit: Walkable proximity to NJ Transit bus and rail lines, facilitating easy commutes for both patients and staff from the New York metro area.
The Fair Lawn transaction aligns with broader 2026 trends where medical outpatient buildings (MOBs) are outperforming traditional suburban offices. With Northern New Jersey’s medical office vacancy rates hovering near historic lows and average triple-net (NNN) rents climbing, investors are increasingly viewing stabilized MOBs as a hedge against market volatility.
| Asset Feature | Property Specification |
| Address | 14-01 Broadway, Fair Lawn, NJ |
| Size | 15,000 Square Feet |
| Occupancy | 100% (Fully Leased) |
| Anchor | AbraHealth Children’s Surgery Center |
| Stories | 3-Story Medical Office + Covered Parking |
