Kushner & KABR Group Leases 50,200 Square Feet To Chelsea Piers At 124 Bay Street

The property asset involved in the transaction is a commercial space located at 124 Bay Street, Jersey City, NJ. The lease was secured by the tenant, Chelsea Piers, with an asking rent of $100 per square foot for a total area of 50,200 square feet. The lease type is classified as a Modified Gross Lease.

Summary of transation details:

• Property Type: Commercial
• Transaction Amount: $100/ft
• Address: 124 Bay Street, Jersey City, NJ
• Square Footage: 50,200
• Landlord: Kushner & KABR Group
• Tenant: Chelsea Piers
• Landlord's Rep: Andrew Stern & Andrew Connolly - Newmark
• Tenant's Rep: Matt Ogle & Erin Grace - JLL
• Lease Type: Modified Gross Lease

The individuals involved in the deal are Andrew Stern and Andrew Connolly representing the landlord through Newmark, while Matt Ogle and Erin Grace represented the tenant through JLL. Notably, Newmark has completed various other deals at the property, including leases with One Medical, Hudson Golf, Rumble Boxing, Daily Provisions, Han Dynasty, and Spear Physical Therapy, highlighting a range of commercial activities in the area.