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The Birch Group Acquires Short Hills Office For $255M

51, 101, 103 & 150 John F Kennedy Parkway
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This Office property located in NJ was sold for $255,000,000 almost 3 years ago. The brokers of the deal were Kevin Donner, Douglas (Doug) Harmon, Adam Spies, David Bernhaut, and Andrew (Andy) Merin

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.

View Related

Deals
  • Location
    101 John F Kennedy Parkway, Short Hills, NJ, USA101 John F Kennedy Parkway, Short Hills, NJ, USA
  • Sale Price
    $255,000,000$255,000,000
    $302 PPSF$302 PPSF
  • Area
    843,300 SF843,300 SF
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Kevin Donner

Kevin Donner

Deals36
Financed$7.8B

Douglas (Doug) Harmon

Douglas (Doug) Harmon

Deals80
Financed$22.4B

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, 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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51, 101, 103 & 150 John F Kennedy Parkway

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