KPG Funds Officially Unveils Le Gallerie: The Exclusive Office Building Setting a New Standard for Commercial Development

JLL Capital Markets to sell newly completed 7-star office building featuring cutting-edge features and amenities, including New York City's most stunning rooftop space

NEW YORK, Feb. 27, 2025 /PRNewswire/ -- KPG Funds, the New York-based owner and developer of boutique Class-A office buildings, continues to expand its portfolio of remarkable office spaces with the grand opening of its newly completed Le Gallerie. This brand-new, state-of-the-art commercial office building is centrally located in Greenwich Village at 132 West 14th Street, one of Manhattan's most sought-after office locations due to the area's limited supply of newly available sites.

JLL Capital Markets, the global commercial real estate services firm, is exclusively selling the property. The team includes Managing Directors Jonathan Hageman and Vickram Jambu. JLL Capital Markets is working closely with KPG Funds to secure an investor or a single tenant to purchase the property.

Le Gallerie offers more than 62,000 square feet of Class A office space across seven stories, with floorplates ranging from 6,000 to over 8,500 square feet, allowing for complete customization to enhance productivity. As with KPG Funds' other office buildings, extreme attention has been paid to design, cutting-edge smart technology, and a carefully curated amenities program.

"Le Gallerie is not just an office building—it is a bold statement of innovation, luxury, and architectural brilliance. As one of the crown jewels in KPG Funds' portfolio, this extraordinary property sets a new standard for boutique Class A office space," said Gregory Kraut, Co-Founder & CEO, KPG Funds.

"Every aspect of Le Gallerie has been meticulously crafted to elevate the workplace experience, seamlessly integrating smart technology, bespoke amenities, and striking design elements. Perfectly positioned in the heart of Greenwich Village, we are thrilled to be working with JLL Capital Markets to find the perfect investor or user to make this landmark asset its new home," said Rod Kristberg, Co-Founder & CIO, KPG Funds.

KPG Funds oversaw the complete transformation of Le Gallerie, redesigning an existing structure to incorporate modern amenities and features. This includes two floors of pre-built, high-end hotel-style office spaces, residential-style kitchens and bathrooms, nano wall conference rooms, and premium lighting and finishes. The building also boasts a stunning multi-tiered rooftop deck, providing tenants with breathtaking, unobstructed views of the Manhattan skyline—including direct views of the Empire State Building and the World Trade Center. The rooftop also features outdoor conference areas, lounges, a bar, and barbecue areas.

Le Gallerie is outfitted with cutting-edge smart technology, featuring systems such as Savant, Akuvox, Avigilon Alta, Sonos, Lutron, and Cooler Master. The lobby will also serve as an expansive art gallery, and features a specially commissioned work by critically acclaimed artist Julian Opie.

"Le Gallerie is a rare offering in a highly coveted submarket with an extremely limited supply of newly developed 7-Star quality office space," said Jonathan Hageman, Managing Director, JLL Capital Markets. "KPG Funds has delivered the very best product of its kind in the market. As the city's leasing market continues to outperform expectations, we anticipate a great deal of interest in this property."

Located on the low-rise south side of West 14th Street between Sixth and Seventh Avenues, Le Gallerie is surrounded by a vibrant array of restaurants, retail, cultural, and entertainment amenities, including The High Line, Union Square Park, and the Whitney Museum. The surrounding area has also seen a surge in new development. Legion and EJS Group have filed plans to demolish 5 West 13th St. to construct a new condominium, while a 13-story residential property is under construction at 525 Sixth Ave by IGI USA. Most recently, Gemini Rosemont completed 101 West 14th St., a 44-unit condominium offering one- to four-bedroom layouts, and Landsea Homes and DNA Development completed 540 Sixth Ave., a 12-story building with 50 condominium units.

About KPG Funds

KPG Funds ("KPG") is a fully integrated real estate private equity platform with Asset Management, Project Management, Development, Design, Leasing and Property Management. With over 35 years combined experience based in NYC, KPG manages fully discretionary institutional vehicles targeting middle market value-add office investments. KPG is a privately held and management-owned investment firm filed with the SEC as an exempt reporting adviser, and that maintains an unwavering commitment to put its investors needs first. Additional information about KPG and a selection of current holdings and previous transactions are available at or by calling 212-359-0743

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SOURCE KPG Funds