At Home Signed 2nd Lease in the Boroughs of New York /1st Lease in The Bronx.
Welco Realty Inc., New Rochelle, NY, Exclusive Agent for At Home in New York, is pleased to announce that At Home has signed its second lease in the boroughs of New York. The 135,000 square foot lease is at a former Kmart department store at Bay Plaza Shopping Center located in the Bronx. Bay Plaza Shopping Center is one of the largest shopping centers in the city of New York, with over two million square feet of retail, restaurants, entertainment, and offices. At Home also recently opened in Rego Park, Queens NY, taking over a former Kohl’s department store.
The transaction was a sublease with Transform KM, LLC, an entity that had acquired several Kmart assets. Jerry Welkis, President of Welco Realty Inc., was instrumental in negotiating a settlement between landlord, Prestige Properties and Development Co., and Transform KM, LLC to allow for the subletting and represented At Home on the sublease. Erin Grace from JLL represented Transform KM, LLC in this transaction.
At Home is projected to open its Bronx location in the Spring of 2022 and will join an impressive list of other major retail chains that are located at Bay Plaza Shopping Center and at The Mall at Bay Plaza including Apple, which opened its first store in the Bronx at The Mall at Bay Plaza on September 24, 2021.
At Home has more than 240 stores throughout the United States and offers up to 45,000 on-trend home décor products to fit any budget or style, from furniture, mirrors, rugs, art, and housewares to tabletop, patio, and seasonal decor—in stores averaging just over 100,000 square feet.
The retailer gives customers a wide selection of style ideas, a continually updated assortment, the latest trends, and exciting seasonal products. Hundreds of items arrive each week to provide fresh inspiration. Shoppers can discover new collections from interior designers Ty Pennington, Laila Ali, Grace Mitchell, and Tracey Boyd.
In the New York area, At Home recently opened stores in Rockland County, taking over the first floor of the Macy’s building, and in Middletown, NY, taking over the former Gander Mountain store.
The Real Deal Real Estate News:
https://therealdeal.com/2022/05/03/home-decor-retailer-leases-135k-sf-for-first-bronx-store/
Commercial Observer:
https://commercialobserver.com/2022/05/decor-retailer-at-home-opening-135k-sf-bronx-outpost/