JTRE has purchased the parking garage at 240 E. 54th Street in Q1 2015. Upon closing on the property JTRE has undergone a full property renovation transferring the old parking lot to a first-class retail building. Within the first year of its development JTRE has successfully signed leases and developed spaces for Blink Fitness, Soul Cycle, Skin Laundry, and Brooklyn Diamond Coffee. More recently JTRE has executed a lease with Clean Market, a wellness space that encompasses innovative wellness services.