Warren at Bay, 124-134 Bay St., Jersey City, NJ

JERSEY CITY, NJ—The KABR Group and Kushner Companies have purchased the iconic 124-134 Bay Street, known as Warren at Bay, located in the Powerhouse Arts District of Jersey City, just blocks from the waterfront and the Grove Street PATH transit station.

“We are thrilled with the reaction from tenants looking for a very special retail and office that goes beyond cookie cutter space and is so close to the many destinations desired by today's discerning consumer,” says Adam Altman, managing member of The KABR Group.

“With its convenient access to Manhattan and vibrant mix of shops and restaurants, top national retailers and innovative new companies are looking toward Jersey City as a place to do business,” says Jared Kushner, CEO of Kushner Companies. “We're excited to expand our Jersey City portfolio with this iconic space.”

The 101,000 square-foot property includes two former mixed-use buildings currently used as artist galleries and creative office and production space.

The Powerhouse Arts District includes a variety of top-tier restaurants, gourmet coffee shops, art galleries and notable boutique shops and has become a popular destination for innovative entrepreneurs and restaurateurs, due in part to its immediate access to the Grove Street PATH train and quick access to Manhattan. The property will feature individualized work environments designed for technology, advertising, media and information technology (TAMI) tenants.

KABR and Kushner's concept for the buildings will honor the context of the community and will preserve the charm of the neighborhood's history. The property is the site of the former A&P auxiliary warehouse built in 1914 and 1915 and is a two-minute walk to the Hudson River waterfront, offering a spectacular panorama of the New York skyline and Statue of Liberty.

The new KABR/Kushner property represents a continuing successful collaboration of two partners dedicated to Jersey City. Warren at Bay is one block from the new development – Trump Bay Street – a magnificent 50-story luxury rental tower that offers spectacular views of the New York City skyline and is just minutes from downtown/midtown New York via the PATH and ferry.

The KABR Group and Kushner Companies have already retained a leasing broker and construction team to begin predevelopment and leasing strategies. BlueGate Partners' team, led by Mark DeLillo and Jeff Bastow, arranged the transaction on behalf of the seller.

Correction, 3/1/2016: An earlier version of this story omitted mention of the BlueGate Partners team.

The 101,000 square-foot property includes two former mixed-use buildings currently used as artist galleries and creative office and production space.

Correction, 3/1/2016: An earlier version of this story omitted mention of the BlueGate Partners team.

Instant Insights /

KABR, Kushner Acquiring Warren At Bay Complex in Jersey City

Related Stories

Recommended For You