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The Birch Group Acquires Short Hills Office For $255M

Property Image
SOLD
$255,000,000
Douglas (Doug) Harmon
David Bernhaut
+ 5

New Jersey

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Office843,300 SF
Sold 04/20/2021
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Property Image
SOLD

The Birch Group Acquires Short Hills Office For $255M

101 John F Kennedy Parkway, Short Hills, NJ, USA

See Similar Deals
Office843,300 SF
Sold 04/20/2021
Douglas (Doug) Harmon
David Bernhaut
+ 5
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$302
Total Square Footage:843,300 SF
Transaction Type:Sale

The office property located at 51, 101, 103 & 150 JFK Parkway in Short Hills, NJ has been sold for a total price of $255,000,000. The property spans an area of 843,300 square feet with a price per square foot of $302. This transaction took place on April 20, 2021.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $255,000,000
  • Address: 51, 101, 103 & 150 JFK Parkway, Short Hills, NJ
  • Market: Short Hills, NJ
  • Buyer: The Birch Group represented by Mark Meisner of The Birch Group NY
  • Seller: Mack Cali represented by Ricardo Cardoso and Mahbod Nia
  • Brokers: Andy Merin, David Bernhaut, Adam Spies, Kevin Donner, and Doug Harmon represented by Cushman & Wakefield
  • Square Footage: 843,300
  • Price per Square Foot: $302

The buyer in this transaction is The Birch Group, represented by Mark Meisner from The Birch Group NY. The seller is Mack Cali, represented by Ricardo Cardoso and Mahbod Nia. The deal was facilitated by brokers Andy Merin, David Bernhaut, Adam Spies, Kevin Donner, and Doug Harmon from Cushman & Wakefield.

Players

Andrew (Andy) Merin
35 deals$3.1B volume(310) 387-7087
BROKER

David Bernhaut
Cushman & Wakefield
48 deals$4.2B volume
BROKER

Adam Spies
Newmark
263 deals$71.8B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
130 deals$47.6B volume
BROKER

Kevin Donner
Newmark
48 deals$10.1B volume
BROKER

Mahbod Nia
Mack-Cali Realty Corp
14 deals$1.8B volume
BROKER

Ricardo Cardoso
Mack-Cali Realty Corp
5 deals$382.3M volume
BROKER

Mark Meisner
The Birch Group
11 deals$1.1B volume
BUYER

Mack-Cali Realty Corp
SELLER

Details

SOLD
IMAGE: Adam Spies, Kevin Donner, Mahbod Nia, David Bernhaut, Ricardo Cardoso, Andy Merin, Mark Meisner & Doug Harmon DATE: 04/20/2021 ADDRESS: 51, 101, 103 & 150 JFK Parkway MARKET: Short Hills, NJ ASSET TYPE: Office BUYER: The Birch Group @TheBirchGroupNY - Mark Meisner (@Mark.Meisner) SELLER: Mack Cali - Ricardo Cardoso & Mahbod Nia BROKERS: Andy Merin, David Bernhaut, Adam Spies, Kevin Donner & Doug Harmon - Cushman & Wakefield SALE PRICE: $255,000,000 SF: 843,300 ~ PPSF: $302

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