The Birch Group Acquires Office Building In Lake Success For $62M

The property asset involved in the transaction is located at 1979 Marcus Avenue in Lake Success. It is an office building encompassing 348,000 square feet. This asset was sold for $62,000,000, equating to a price per square foot of $175. The zoning classification for this property is I-A.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $62,000,000
• Address: 1979 Marcus Avenue
• Market: Lake Success
• Square Footage: 348,000
• Price per Square Foot: $175
• Buyer: @TheBirchGroupNY - Mark Meisner
• Seller: Willett Companies & Lincoln Equities Group
• Brokers: Adam Spies, David Bernhaut, Josh King, Andy Merin & Gary Gabriel - Cushman & Wakefield

Key individuals involved in the transaction include Mark Meisner representing the buyer, @TheBirchGroupNY. The sale was facilitated by brokers Adam Spies, David Bernhaut, Josh King, Andy Merin, and Gary Gabriel, all associated with Cushman & Wakefield. The seller of the property was a partnership between Willett Companies and Lincoln Equities Group.