NEWS

NORTHVALE, NJ — National pet supply chain Pet Depot has secured a new 3,015 SF space at 271 Livingston St – Northvale Square Shopping Center. The store is the first in the chain in Bergen County, and the fifth Pet Depot franchise in the state of New Jersey.

“The Northvale area is great for Pet Depot and this center in particular will provide the new store with lots of traffic from tenants like Starbucks, CVS and Panera Bread,” says David Townes of Welco Realty, who represented the tenant in the transaction. “Northern Bergen County and Rockland County are the perfect suburban demographic for Pet Depot.”

Northvale Square is owned by Maxim Realty Trust, which was represented by Matthew Flath of The Goldstein Group. Donna Nusspickel is the owner of the Northvale Pet Depot franchise, and this is her first location.

NORTHERN NEW JERSEY — National urgent care chain MedExpress has expanded in New Jersey with six new locations. The 125-store chain opened new facilities in Lodi, Totowa, Springfield, Hazlet, Watchung & Green Brook New Jersey.

“MedExpress has prioritized New Jersey in their national expansion,” says David Townes of Welco Realty. Jerry Welkis, Stephan Miller and David Townes worked with MedExpress to grow their presence in northern New Jersey.

LEDGEWOOD, NJ — National clothing store chain Plato’s Closet has secured a new 3,600 SF space at 1029 Route 46 – Ledgewood Plaza. The store is the first in the chain in Morris County, and the seventh Plato’s Closet franchise in the state of New Jersey.

“Ledgewood Plaza is well located at the intersection of Route 46 & Route 10, and close to I-80,” says David Townes of Welco Realty, who represented the tenant in the transaction. “Plato’s Closet will enjoy traffic and exposure from customers coming to TGI Fridays, CVS and the adjacent BJ’s Wholesale.”

Ledgewood Plaza is owned by Ledgewood Circle Shopping Center LLC, which was represented by Jesse Finkelstein of The Goldstein Group. Nicholas Zirpoli is the owner of the Ledgewood Plato’s Closet franchise, and this is his first location.

NANUET, NY — National fast casual tex-mex restaurant Moe’s Southwest Grill has secured a new 2,014 SF space at 100 Route 59 – College Plaza. The store is the first in the chain in Rockland County.

“We are excited to bring Moe’s to College Plaza,” says David Townes of Welco Realty, who represented the landlord in the transaction. “Central Rockland County is an ideal market, and College Plaza is strategically located in the middle of it all.”

“The state of New York has embraced Moe’s fresh, made-to-order food and family-friendly atmosphere,” said franchise partner, Lee Diprizito. “We continue to show our commitment to the community by supporting the local high schools, community centers and partnering with the New York Jets to create a one-of-a-kind restaurant experience in Nanuet.” College Plaza is undergoing a renovation including a new building facade. Scott Milich of The Goldstein Group represented the tenant in the transaction.

Welco Realty, Inc is a leading commercial brokerage firm in the New York Metro area specializing in retail tenant representation by providing market analysis, expansion strategy, site selection, letter of intent and lease negotiation to many national and regional retailers. Welco Realty also serves as the Exclusive Leasing Agent for landlords and developers throughout New York and New Jersey.