The Birch Group Acquires American Boulevard Office Portfolio In Princeton For $70M

Located in Princeton, NJ, the office property at 1700, 1750, and 1800 American Boulevard has been sold in a recent transaction. The property spans a total of 307,510 square feet and was sold for a price of $70,000,000, resulting in a price per square foot of $227. The sale was facilitated by David Bernhaut of Cushman & Wakefield, representing the buyer, The Birch Group, comprised of Mark Meisner and Lionstone Capital. The seller of the property was Lindy Communities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $70,000,000
• Property Address: 1700, 1750 & 1800 American Boulevard, Princeton, NJ
• Square Footage: 307,510
• Price per Square Foot: $227
• Buyer: The Birch Group - Mark Meisner & Lionstone Capital
• Seller: Lindy Communities
• Broker: David Bernhaut - Cushman & Wakefield

This successful transaction marks a significant milestone for The Birch Group, with Mark Meisner and Lionstone Capital leading the acquisition. David Bernhaut of Cushman & Wakefield played a crucial role as the broker, facilitating the deal between the buyer and the seller, Lindy Communities. The property's prime location in Princeton, NJ, adds to its value and potential for future growth.