New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New York & Tri-State  + New Jersey  + Office  | 

Birch Group Snags Princeton Offices from BentallGreenOak

The Birch Group finalized the $47.3-million acquisition of 600 and 700 Alexander Park, a two-building, 213,000-square-foot office portfolio in Princeton, NJ. JLL’s Kevin O’Hearn and Jose Cruz represented the seller, BentallGreenOak, as well as the Birch Group.

“As we consider new markets to expand The Birch Group’s portfolio of high performing Class A assets, Princeton was a key regional target that continues to experience heightened demand due to its location, access to top local talent, and storied history as one of the most prestigious and sought-after areas in the state, largely driven by the appeal of and proximity to Princeton University,” said Birch Group CEO Mark Meisner.

Greg Nalbandian from JLL secured acquisition financing. JLL is also being retained by The Birch Group to lease the properties. 600 Alexander Dr. is fully leased to Mathematica, while 700 Alexander Dr. is 70% leased.

Connect

Inside The Story

The Birch GroupJLL’s O’Hearn

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
NAIOP-11-cube
New call-to-action
CRETech-01-cube