Newmark Retail Arranges 70,000 Square Feet of Leasing at 124 Bay Street in Jersey City, NJ

June 17, 2026 9:00 AM

Newmark announces the Company has arranged more than 70,000 square feet of retail, wellness and experiential leasing activity at 121 First Street, a newly repositioned mixed-use destination in Jersey City's Powerhouse Arts District.

Director Andrew Connolly, who serves as the exclusive leasing agent for the property, represented ownership, a joint venture between Kushner and KABR Group, in negotiations. Managing Director Andrew Stern provided support on the transactions.

The recent leasing momentum reflects continued demand for large-format, experience-driven retail concepts across Jersey City's rapidly evolving waterfront submarkets, where operators are increasingly seeking highly accessible locations within dense live-work-play neighborhoods.

"124 Bay Street continues to attract leading operators seeking a presence within one of the region's fastest-growing neighborhoods," said Connolly. "Through our collaboration with ownership and the strength of the asset, we secured a roster of best-in-class tenants spanning fitness, healthcare, hospitality and experiential retail, reinforcing the property's position as a premier commercial destination."

Leases signed at the property over the past XX months include:

• Chelsea Piers - 50,200 square feet
• One Medical - 4,409 square feet
• Hudson Golf - 4,122 square feet
• Rumble Boxing - 3,270 square feet
• Daily Provisions - 3,134 square feet
• Han Dynasty - 2,750 square feet
• Spear Physical Therapy - 1,730 square feet

124 Bay Street comprises more than 165,000 square feet of retail, experiential and office space and is designed to accommodate a wide range of retail, fitness, hospitality and lifestyle concepts. The property features expansive industrial-inspired floor plates, significant frontage and flexible layouts capable of supporting both flagship and neighborhood-oriented users.

Located directly between the Grove Street, Newport and Exchange Place PATH stations, the property offers immediate access to Manhattan and the broader region, while also benefiting from proximity to the Holland Tunnel and New Jersey Turnpike. The surrounding neighborhood has emerged as one of Jersey City's most active live-work-play corridors, anchored by a growing residential population and an increasingly curated mix of dining, hospitality and wellness operators including Whole Foods Market, Newport Centre Mall, Razza, Hudson & Co., Porta and The Ashford.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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