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

1979 Marcus Avenue
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This Office property located in NY was sold for $62,000,000 over 3 years ago. The brokers of the deal were Joshua (Josh) King, Adam Spies, Gary Gabriel, David Bernhaut, and Andrew (Andy) Merin

The recent sale of an office property in Lake Success has garnered attention in the real estate market. Located at 1979 Marcus Avenue, the property covers a total area of 348,000 square feet. This office space falls under the I-A zoning classification, making it suitable for various business purposes. The transaction took place on December 1, 2020.

Summary of transaction details:

The buyer in this transaction was The Birch Group NY, represented by Mark Meisner. On the selling side, Willett Companies and Lincoln Equities Group were involved in the deal. Cushman & Wakefield played a crucial role in facilitating the transaction, with brokers Adam Spies, David Bernhaut, Josh King, Andy Merin, and Gary Gabriel handling the negotiations.

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Deals
  • Location
    1979 Marcus Avenue, Lake Success, NY, USA1979 Marcus Avenue, Lake Success, NY, USA
  • Sale Price
    $62,000,000$62,000,000
    $178 PPSF$178 PPSF
  • Area
    348,000 SF348,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Joshua (Josh) King

Joshua (Josh) King

Deals56
Financed$10.2B

Adam Spies

Adam Spies

Deals146
Financed$30.2B

Agencies

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

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Deal Summary

SALE IMAGE: Adam Spies, David Bernhaut, Mark Meisner, Andy Merin & Gary Gabriel DATE: 12/01/2020 ADDRESS: 1979 Marcus Avenue MARKET: Lake Success ASSET TYPE: Office ~ ZONING: I-A BUYER: @TheBirchGroupNY - Mark Meisner SELLER: Willett Companies & Lincoln Equities Group BROKERS: Adam Spies, David Bernhaut, Josh King, Andy Merin & Gary Gabriel - Cushman & Wakefield PRICE: $62,000,000 SF: 348,000 ~ PPSF: $175

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1979 Marcus Avenue

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