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.