The Birch Group Acquires Property At 500 International Dr Budd Lake Represented By JLL

The Birch Group, a New York-based investment firm, has acquired an office building located at 500 International Drive in Budd Lake, NJ. The property covers 73,000 square feet and includes an adjacent commercial building measuring 7,115 square feet. This three-story building was developed by the Rockefeller Group in 1987 and was fully leased to 16 tenants at the time of the sale.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: Not disclosed
• Address: 500 International Dr, Budd Lake, NJ
• Market: Budd Lake
• Seller's Representative: Kevin O’Hearn & Fred Hyatt - JLL
• Buyer: The Birch Group
• Square Footage: 73,000
• Adjacent Building Square Footage: 7,115
• Number of Tenants: 16
• Year Developed: 1987

JLL's team, consisting of Jose Cruz, Kevin O’Hearn, Fred Hyatt, Stephen Simonelli, Michael Oliver, and Nicholas Stefans, represented the undisclosed seller in the transaction, facilitating the deal with their expertise in the market.