{"id":1004496988,"date":"2020-12-03T06:49:19","date_gmt":"2020-12-03T14:49:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004496988"},"modified":"2020-12-03T06:51:32","modified_gmt":"2020-12-03T14:51:32","slug":"birch-group-makes-62m-long-island-office-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/","title":{"rendered":"Birch Group Makes $62M Long Island Office Buy"},"content":{"rendered":"<div id=\"attachment_1004496991\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004496991\" data-attachment-id=\"1004496991\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/1979-marcus-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1979 Marcus Ave.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg?w=640\" class=\"wp-image-1004496991 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004496991\" class=\"wp-caption-text\">1979 Marcus Ave.<\/p><\/div>\n<p>The Birch Group has acquired 1979 Marcus Ave., a 348,501-square-foot office property in Lake Success, N.Y., from Willett Cos. for $62 million, CommercialEdge data shows. The asset last traded 15 years ago, when Broadway Partners sold it for $53.5 million. Cushman &amp; Wakefield brokered the deal, according to <em>Commercial Observer<\/em>.&nbsp;<\/p>\n<p>The office building, located 20 miles from Midtown Manhattan, is set in a small business district 1 mile south of the Long Island Expressway. A number of retail and hospitality assets are in the surrounding area, as is Northwell Health&#8217;s Long Island Jewish Medical Center.<\/p>\n<p>Constructed in 1989, the four-story building has 90,000-square-foot floorplates and eight elevators. Property amenities include a health club, a caf\u00e9 and surface and structured parking at a ratio of 4 spaces per 1,000 square feet. Current tenants include Woodland Group, Center for Learning and Innovation, Executive Enterprise and IPRO.<\/p>\n<p>Adam Spies, David Bernhaut, Josh King, Andy Merin and Gary Gabriel made up the Cushman &amp; Wakefield team.<\/p>\n<p>Earlier this fall, The Birch Group teamed up with Vision Properties <a href=\"https:\/\/www.commercialsearch.com\/news\/lone-star-funds-sells-new-jersey-office-asset\/\">to acquire a Class A New Jersey office property<\/a>. Lone Star Funds sold the 228,000-square-foot 180 Park Ave. in Florham Park, which was 75 percent leased at the time of the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &#038; Wakefield brokered the disposition of the nearly 350,000-square-foot property in Lake Success, N.Y.<\/p>\n","protected":false},"author":739,"featured_media":1004496991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1600,21742,10,21747],"tags":[32799,47357],"class_list":["post-1004496988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-cushman-wakefield","tag-the-birch-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Birch Group Makes $62M Long Island Office Buy - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Birch Group Makes $62M Long Island Office Buy\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield brokered the disposition of the nearly 350,000-square-foot property in Lake Success, N.Y.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T14:49:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-03T14:51:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/\",\"name\":\"Birch Group Makes $62M Long Island Office Buy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg\",\"datePublished\":\"2020-12-03T14:49:19+00:00\",\"dateModified\":\"2020-12-03T14:51:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/1979-Marcus-Ave.jpg\",\"width\":640,\"height\":512},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/birch-group-makes-62m-long-island-office-buy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Birch Group Makes $62M Long Island Office Buy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. 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