Birch Group, which spent over $1 billion to purchase suburban New Jersey office properties during the pandemic, has sold one of them for $16.3 million to Saxum Real Estate and Penwood Real Estate Investment Management.
Birch sells Parsippany, New Jersey, office property
Saxum, Pennwood plan to redevelop site for industrial use
By Linda Moss
CoStar News
June 18, 2025 | 7:25 P.M.
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IN THIS ARTICLE
- Companies
- The Birch Group
Real Estate
- Saxum Real Estate
Real Estate
- Penwood Real Estate Investment Management
Real Estate
- Veris Residential, Inc.
Real Estate