Blue Owl Capital has signed an 11-year office lease at The Birch Group’s 51 JFK Pkwy. in Short Hills, NJ. The tenant, a market leader in direct lending and capital solutions with headquarters in New York City, will occupy 19,791 square feet on the second floor of the property.
The Birch Group is undertaking a capital improvement program at the 260,750-square-foot property. “When we acquired 51 JFK Parkway earlier this year, we were confident in our ability to attract long-term tenants to the property not only due to its prominent location but also due to our hands-on approach and vision of what the property can become,” said Mark Meisner, president and founder of The Birch Group.
In addition to Blue Owl, 51 JFK’s tenant roster includes Investors Bank, KPMG, Bank of America, UBS and Wells Fargo Advisors. The lease with Blue Owl brings the property to 96% occupancy.
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).