The Birch Group Acquires Office Property In Jericho For $212M

Located in Jericho, the office property at 1 & 2 Jericho Plaza has been sold in a recent transaction. The sale, which took place on December 31, 2021, involved The Birch Group, represented by Mark Meisner, as the buyer, and DRA Advisors and Onyx Equities as the seller. The property was marketed by brokers David Bernhaut, Adam Spies, Adam G. Doneger, Andy Merin, and Gary Gabriel from CushWake. With a sale price of $212,000,000 and a total square footage of 665,592, the property showcases an impressive price per square foot of $318.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $212,000,000
• Address: 1 & 2 Jericho Plaza
• Market: Jericho

Mark Meisner, representing The Birch Group, acted as the buyer in this transaction, while DRA Advisors and Onyx Equities served as the sellers. The deal was facilitated by brokers David Bernhaut, Adam Spies, Adam G. Doneger, Andy Merin, and Gary Gabriel from CushWake. The property's noteworthy characteristics include its prime location in Jericho, a substantial total square footage of 665,592, and a remarkable price per square foot of $318.