The Birch Group, a privately held commercial real estate investor, owner and operator, has announced the $255 million acquisition of a prominent four-building office 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 New Jersey.
The 843,300-square-foot portfolio comprises four class A office buildings located at 51, 101, 103 and 150 JFK Parkway in the affluent Short Hills submarket, widely recognized as one of the most prestigious and iconic suburban office regions in New Jersey. Cushman & Wakefield represented Mack-Cali Realty Corp., the seller in the transaction, 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 more than $750 million of commercial office assets si
