Search
 

Kushner and KABR Acquire 1 Journal Square Site

JERSEY CITY, NJ–Jersey City's continuing development renaissance moved a vacant lot regarded as an eyesore a step closer to meaningful development as Kushner Companies and The KABR Group have acquired the land at One Journal Square in Jersey City, NJ, from the Multi-Employer Property Trust for $27 million.

By Steve Lubetkin | Updated on January 05, 2015

JERSEY CITY, NJ–Jersey City’s continuing development renaissance moved a vacant lot regarded as an eyesore a step closer to meaningful development as Kushner Companies and The KABR Group have acquired the land at One Journal Square in Jersey City, NJ, from the Multi-Employer Property Trust for $27 million.

One Journal Square is a development site at the intersection of Sip Avenue and John F. Kennedy Boulevard in the heart of the Journal Square neighborhood of Jersey City, the city’s cultural center and transit hub. The two-acre site is zoned for mixed-use development, including approximately 1,500 multi-family units, and a large retail component with ample parking.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.