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Transactions - JANUARY 6, 2022

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The Birch Group buys $212m two-building portfolio, Long Island’s largest office deal in past decade

by Andrea Zander

The Birch Group, a privately held commercial real estate investor, owner and operator, has announced the $212 million acquisition of a preeminent two-building office portfolio in Jericho, N.Y., from DRA Advisors and Onyx Equities.

The 665,592-square-foot portfolio, set within one of Long Island’s most desirable office parks, comprises two class A office buildings located at 1 and 2 Jericho Plaza in the Jericho submarket. The area boasts the strongest vacancy rate in the New York Tri-State suburban region and is widely recognized as a rising affluent market with diverse and dense labor pools, offering tenants prime options for top-tier office space. With this latest acquisition, The Birch Group has now acquired more than $1.1 billion of commercial office assets since 2020.

“This acquisition presents an opportunity to add additional trophy-quality institutional assets to our evolving office roster, furthering The Birch Group’s strategy to give tenants the optimal e

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