Blue Owl Capital signs 11-year lease for nearly 20,000 sq. ft. in Short Hills

Blue Owl Capital, which dubs itself a market leader in direct lending and capital solutions, signed an 11-year office lease at 51 JFK Parkway in Short Hills, the landlord, the Birch Group, announced this week.

Blue Owl Capital, which will keep its headquarters in New York City, will occupy 19,791 square feet on the second floor of the property.

The Birch Group, which acquired the property in April from Mack-Cali Realty Corp., said it renovating the property. Plans include an outdoor courtyard at the front of the campus with events and activities, walkways and connectivity to the surrounding neighborhood amenities, and upgrades to the building’s commons areas and restrooms.

Birch Group founder and President Mark Meisner said the property, now 96% leased, will continue to attract tenants.

“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,” he said. “We believe we’re creating something truly special at 51 JFK and we’re thrilled to welcome Blue Owl to the property.”

The 260,750-square-foot property features an on-site cafeteria, deli, newsstand (have to admit, we’re always thrilled to see that) and covered parking. It also offers access to a wide variety of top-tier mixed-use amenities just a few steps away — including the Mall at Short Hills, a 4-diamond Hilton Hotel, Canoe Brook Country Club and recently completed upscale residential development the Upton.

In addition to Blue Owl, 51 JFK boasts a roster of high-profile business and financial services tenants including Investors Bank, KPMG, Bank of America, UBS and Wells Fargo Advisors.