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101 John F Kennedy Parkway,...

Updated Oct 12, 2026

The Birch Group Acquires Short Hills Office For $255M
SOLDOffice

The Birch Group Acquires Short Hills Office For $255M

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

$255,000,000

$302/SF

Building Size

843,300 SF

Asset Type

Office

Closing

Apr 19, 2021

About this deal

AI

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

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.

On the Map

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$255,000,000

$302/SF

Office

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Players

Andrew Merin

Cushman & Wakefield

Broker

$3.5B

vol

36 deals

Broker
Adam Spies
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Adam Spies

Newmark

Broker

$76.8B

vol

276 deals

Broker
Mark Meisner

Mark Meisner

The Birch Group

Buyer

$1.1B

vol

10 deals

Buyer
Mack-Cali Realty Corp
Mack-Cali Realty CorpSeller

Short Hills Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $302 per square foot on a published $255M for 843,300 square feet (2021).

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Browse New Jersey office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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