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

1 & 2 Jericho Plaza
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This Office property located in NY was sold for $212,000,000 about 2 years ago. The brokers of the deal were Adam Spies, Gary Gabriel, David Bernhaut, Andrew (Andy) Merin, and Adam Doneger

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.

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Deals
  • Location
    1 Jericho Plaza, Jericho, New York 11753, United States1 Jericho Plaza, Jericho, New York 11753, United States
  • Sale Price
    $212,000,000$212,000,000
    $318 PPSF$318 PPSF
  • Area
    665,592 SF665,592 SF
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Gary Gabriel

Gary Gabriel

Deals35
Financed$3.4B

Adam Spies

Adam Spies

Deals146
Financed$30.2B

Adam Doneger

Adam Doneger

Deals93
Financed$20.9B

Agencies

Newmark

Newmark

Agency
Deals3891
Volume$397.4B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4186
Volume$167B

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Deal Summary

SALE IMAGE: Adam Spies, Adam G. Doneger, Mark Meisner, Gary Gabriel, David Bernhaut & Andy Merin DATE: 12/31/2021 ADDRESS: 1 & 2 Jericho Plaza MARKET: Jericho ASSET TYPE: Office BUYER: The Birch Group (@TheBirchGroupNY) - Mark Meisner SELLER: DRA Advisors - Onyx Equities BROKERS: David Bernhaut, Adam Spies, Adam G. Doneger, Andy Merin & Gary Gabriel @CushWake SALE PRICE: $212,000,000 SF: 665,592 ~ PPSF: $318

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1 & 2 Jericho Plaza

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