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The Birch Group, a privately-held commercial real estate investor, owner and operator, today announced the $255 million acquisition of a four-building portfolio in Short Hills, N.J.
The off-market acquisition comes on the heels of the company’s recent $77 million portfolio purchase in Morristown, and further cements its focus on acquiring prime value-add office assets across the suburbs of Northern N.J.
The 843,300 s/f portfolio comprises four Class A office buildings located at 51, 101, 103 and 150 JFK Parkway in the affluent Short Hills submarket.
Cushman & Wakefield represented Mack-Cali Realty Corporation, the seller, and is also being retained by The Birch Group as the exclusive office leasing agent for the properties. With the acquisition, The Birch Group has now acquired over $750 million of commercial office assets since 2019.
The Birch Group acquires four-building Short Hills portfolio for $255M
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