Hanover Crossroads shopping center in Cedar Knolls, New Jersey has been named Mid-Atlantic Real Estate Journal “Best Retail Project of 2017.” As Exclusive Agents for this 108,000 s.f. center, we are happy to report that it’s 100 percent leased. The landlord is Key Properties, LLC.
Jerry Welkis, principal of Welco Realty, was instrumental in leasing to the following tenants, which include T.J.Maxx, HomeGoods, Old Navy, Famous Footwear, Five Below, Ulta Beauty, MedExpress Urgent Care, AutoZone & QuickChek. Construction is underway on its final pad site for IHOP and Italian eatery Mangiamo.
https://online.flippingbook.com/view/836502/76/
“If I had to agree to live in one country, or even one city, for the rest of my life, never leaving it, I’d pick Tokyo in a second.” So said quintessential culinary nomad, chef extraordinaire and TV personality Anthony Bourdin to Maxim magazine last August.
And when the Japanese—and those from other parts of Asia—import their foods and restaurant concepts to the U.S., Americans can get a taste (or a reminder) of life abroad.
In recent years, Americans have embraced a myriad of Asian imported retail concepts on U.S. turf of the edible variety or otherwise.
One popular brand from Japan, lifestyle retailer Muji, is celebrating its 10-year anniversary in the U.S. on April 28 with the reopening of its first-ever U.S. store at 455 Broadway in Soho following a redesign and expansion.
“We knew that we wanted our first location in the U.S. to open in New York as we had an existing customer base of international travelers there who knew our brand from their trips to Japan and other cities around the world,” Muji USA President Toru Tsunoda said in a statement to Commercial Observer. “Soho was particularly of interest not only because it’s a strong retail district but because it was an ideal mix of tourists and locals for debuting our brand widely.”
In addition to the Soho store, Muji has 14 New York City U.S. outposts. The company—which launched in Japan in 1980 and has 400 stores in that country, plus 400 in London—selects its new locations by using its “e-commerce sales to inform which locations are key markets for us,” Tsunoda added. “Thus far, we’ve had the most success on the East and West Coasts but eventually plan to expand beyond these areas.”
Muji has flourished in the U.S. due to its “nice Japanese sensibility,” said Michael Hirschfeld, the vice chairman of national retail tenant services for JLL. “There’s a certain elegance to the Japanese.”
Miki Motegi-Hall, the director of Japanese business development at brokerage Vicus Partners, is working with critically acclaimed Japanese chef Yuji Tani on a lease at 620 Franklin Avenue in Crown Heights, Brooklyn. Tani has a Japanese restaurant called House in Tokyo and hopes to bring his French-inspired Japanese cuisine to the U.S. by way of Brooklyn.
Motegi-Hall said Brooklyn is the way to go in part because the rent is cheaper than in Manhattan, and the Crown Heights spot works because it’s close to neighborhoods with more well-established retail like Prospect Heights and Clinton Hill.
Tani emailed in Japanese via Motegi-Hall that Americans will like his food because it “mixes European-style cuisine (French) and healthy Japanese-flavored ingredients, which creates a taste and visuals like never before.”
And that’s why the landlord likes this tenant for the space.
“The landlord loves it because it’s different,” said TerraCRG’s Peter Schubert, a managing director of commercial leasing, who is representing the landlord, Crow Hill Development, in the deal. “It’s French Japanese. It’s not sushi.”
Japanese restaurant owners are particularly sweet on the U.S., Motegi-Hall said, because the population there is shrinking and “the rest of Asia is becoming oversaturated with Japanese restaurants.”
The Japanese-born father-and-son owners of specialty grocery store Sunrise Mart, which has three locations in Manhattan, are opening a 30,00-square-foot Japanese-themed market and food hall called Japan Village in Industry City, the 16-building complex on the Brooklyn waterfront, as CO reported last October.
“The owners’ concept is to create a place for the Japanese community that will become a gathering place for residents of Brooklyn,” Eastern Consolidated’s Harris Bulow, who brokered the Industry City deal for the tenant, said in a statement. “Japan Village will include a Sunrise Mart, Japanese food hall, [Japanese pub] and sake store.”
According to SCG Retail’s Chase Welles, who represented Industry City in the deal, the village will open in late spring.
“It is a great location for them because Industry City’s innovation mindset lets innovators and makers think out of the box, and the retail audience comes to IC to see what’s new, fresh and where tomorrow’s retail is going,” Welles emailed.
Also in Industry City is the state’s first sake brewery, Brooklyn Kura, which opened in January. The owners, however, are Americans who met in Japan in 2013.
A Tokyo company, Asahi Shuzo International, the producer of Dassai premium Junmai Daiginjo sake, is planning to open a sake brewery in Hyde Park, N.Y.
At the end of last year, Asahi Shuzo International paid around $8 million for a vacant site where it will bring its first brewing facility outside of Japan, according to attorney David Berlyne, a partner of DLA Piper, who represented Asahi Shuzo International in the deal. The company is planning to invest $28 million into a 52,500-square-foot facility adjacent to the Culinary Institute of America, at 5 St. Andrews Road. Plans include public tours and a retail space.
Berlyne said the location by the culinary school was key, as were the financial incentives from the state.
“There’s an opportunity for Asahi Shuzo Company [parent company of Asahi Shuzo International] to work with the Culinary Institute and really create something special for people who are studying at the Culinary Institute and people who want to visit Asahi Shuzo Company and visit and tour the area,” Berlyne said.
Construction has commenced and the facility should be open early next year, Berlyne said.
On the fast-fashion side, Uniqlo has had great success in the U.S. The Japanese company is even venturing into the Bronx for the first time, at the three-year-old Mall at Bay Plaza, Prestige Properties & Development’s project at 200 Baychester Avenue in the Baychester section. (And last month, Uniqlo announced in the fall it will open its first store in Hawaii, in Honolulu’s Ala Moana Center.)
The Bronx store will span 8,000 square feet with an additional 2,000 square feet of storage space, said Jerry Welkis of Welco Realty who along with Etan Shalem negotiated on behalf of Prestige with Uniqlo.
“We were actually courting them from the time we started leasing Bay Plaza,” Welkis said. “We really wanted them to come initially to the mall because it’s a little unique—it’s not in every single mall in the country—we love the product, we thought it was a very good value at a good price point—an it’s the image we wanted.”
But Uniqlo wasn’t biting initially. It wanted to see how sales went at the mall first, Welkis said. Once he could show that sales were strong, the company was “convinced it was a place they wanted to be,” he added.
Uniqlo entered the U.S. in 2006, seeing that market as critical to its success.
“The U.S. market is the most competitive and difficult in the world,” said Uniqlo parent company Fast Retailing Co. President Genichi Tamatsuka in 2004, according to The Japan Times. “If we have capabilities to win in the United States, I think we will be able to compete anywhere else in the world.”
As for the success of Uniqlo, which has been compared to Gap and H&M, Hirschfeld said, “I happen to be a huge fan of Uniqlo. The value for the dollar is extraordinary. It is fast-fashion that is well made and not disposable.”
On the Japanese food front, last week Ichiran Ramen, known for its solo dining booths, opened at 132 West 31st Street between Avenue of the Americas and Seventh Avenue. That location marks the Japanese ramen chain’s second outpost in the U.S. The first restaurant opened in Bushwick, Brooklyn in October 2016 along with a noodle factory next door.
Iori Hanai, PR manager for Ichiran NY, emailed CO via its PR representative: “Our president [Manabu] Yoshitomi always wanted to bring tonkotsu ramen to the world, and many people asked him to open up in New York. That’s the biggest reason why we opened in the U.S., in particular New York.”
As for entering the U.S. by way of Bushwick, Hanai said, “We spent a lot of time looking for locations in Manhattan and Brooklyn, but we first needed to build a noodle factory, and we were looking for a place that is large enough for that. We eventually found a space in Bushwick that was perfect in size, so we did research on the neighborhood, and discovered this neighborhood to be a place where people accept new concepts and ideas.”
The factory produces enough noodles for five to six shops, so the company hopes to open at least two more locations within the next two years.
Japan isn’t the only Asian nation with a foothold in New York retail; some Korean companies have gotten firm footing in the U.S.
Two such Korean chains on the food side are Caffe Bene and Paris Baguette.
“They’re sort of like the Starbucks so to speak of Korea, or the Au Bon Pain of Korea,” Welkis said of both companies.
Welkis negotiated a deal on behalf of a Hackensack, N.J. landlord with Paris Baguette for 2,500 square feet near 99 Ranch Market, an Asian supermarket chain, which is opening soon. (The market, the largest Asian supermarket chain in the U.S., was established in California in 1984.)
The location makes sense; Hackensack is part of Bergen County, which Welkis said has one of the biggest Asian populations in all of New Jersey.
And a barbecue restaurant, Sam Won Garden Artisanal Korean Barbecue, based in South Korea opened its first American location this year at 37 West 32nd Street in Manhattan’s Koreatown. The restaurant took a 10,000-square-foot space spanning three stories.
“Sam Won Garden has been looking for a space in New York City for two years,” PD Properties’ Elad Dror, who negotiated the deal for the tenant and the landlord, told CO in February before the Koreatown eatery opened. “They had to be in K-Town and needed the right amount of space, proper layout and right location on 32nd Street and it took us this long to find them the right space. This is their first and only location in the U.S., and will be the gateway for future expansion into 38 states.”
A nonfood Korean company that has come to the U.S. is mobile messenger app Line Friends, which has over 70 stores worldwide. Last July it opened its first U.S. store at 1515 Broadway in Times Square after having had great success with a 2014 pop-up store.
Hirschfeld said his group is talking to Line Friends about opening a store in Las Vegas, where it would be in a Times Square-like setting on the Strip with M&M and Coca-Cola.
“Forty million people are walking by on the Strip and are looking to be entertained,” Hirschfeld said.
Plus Korean skincare products, called K-Beauty, have been very popular in the U.S.
In a recent deal, Innisfree, a South Korean cosmetics brand, took space at 750 Lexington Avenue between East 59th and East 60th Streets for its second U.S flagship, and the second store in Manhattan. (The first is at 862 Broadway in Union Square.)
The new location is in a prime spot, adjacent to Bloomingdale’s with easy access to a transportation hub, said Cushman & Wakefield’s Christian Stanton, who represented the tenant in the transaction.
“They have a number of stores in Korea, and they are fully vetted out in China,” Stanton said. “They just hadn’t entered this market yet. It’s a conservative approach, testing the market and looking into key markets for future rollouts.”
What makes Innisfree popular, he said, is its “health and lifestyle experience,” and its products are proprietary.
Hailing from Thailand, the husband-and-wife team behind Land Thai Kitchen and Pure Thai Cookhouse will be opening a new Thai restaurant called Talad Wat at 714 Ninth Avenue featuring farm-to-table dishes they ate while growing up in a village outside of Bangkok, according to information provided by Eastern Consolidated’s James Famularo, who brokered the deal.
Famularo has done New York City restaurant deals with Vietnamese, Chinese, Japanese, Indian and Thai chefs and business owners.
Americans love Asian food that has the “authenticity of a real transplant,” Famularo told CO.
Some of the brands aren’t explicitly Asian, but are nonetheless successful Asian companies looking to take the next step. Susan Kurland, an executive vice president and co-head of Savills Studley’s global retail services group, has signed the first U.S. lease for Giada, a high-end Italian fashion company, whose parent company RedStone Haute Couture is based in China.
The deal is for space in Boston’s Heritage on the Garden, in a building housing other luxury brands, Hermes and Bottega Veneta. Giada targeted a smaller market for a soft launch in the U.S., Kurland said.
“They have in excess of 50 stores in Asia so far,” Kurland said. “They feel the U.S. is a very important market,” so after Boston, the company plans to expand into New York City.
For Chinese companies in general, the U.S. is “a great marketplace and it’s a market they haven’t really explored before. There are some great brands in China…If you think about it, where else are you going to expand to? Where else do you have a plethora of people in a democracy that can purchase whatever they want provided they have the financial wherewithal.”
One Chinese restaurant business is planning to enter the East Coast by way of Queens, targeting the Chinese population in the borough. As reported last month, Chinese eatery HaiDiLao, a Sichuan-style hot-pot chain, signed a 12,000-square-foot deal at 38-18 Union Street—one of the buildings at the Flushing Commons development.
“Flushing Commons is the ideal place for Hai Di Lao to launch on the East Coast,” Yin Li of Savills Studley, who handled the deal for HaiDiLao, said in prepared remarks in March. “The cultural vibrancy of the area, quality of the space and proximity to transit and a large Chinese population provide the perfect combination for HaiDiLao to make a successful introduction to the New York market.”
Beijing-based hot pot chain First Lamb Shabu is opening its first Manhattan location in the East Village after inking a lease at 218 East 14th Street, CO reported last week. The restaurant will be the Chinese hot pot chain’s second-ever location in the U.S., following its first at 136-72 Roosevelt Avenue in Flushing, Queens—though it has more than 300 locations across China.
Eastern Consolidated’s Aric Trakhtenberg, who represented landlord Dromos Corp. with Kevin Bisconti, described First Lamb Shabu as “a successful international brand,” featuring “a young, urban ambiance that will attract young professionals living in the East Village as well as students attending nearby colleges and universities.”
A lot of the retail ventures hailing from China have been tech-oriented, Hirschfeld said. He cited as an example DJI, a drone manufacturer, which is looking for showroom space in all major gateway markets. In addition, he noted that the Chinese are responsible for establishing virtual reality concepts in the U.S. Hirschfeld has shown Las Vegas space to SoReal, a Beijing virtual reality theme park co-founded by the director of House of Flying Daggers and The Great Wall.
JNBY, a Chinese-based fashion company has established a few stores in the U.S.—one in Seattle and two in San Francisco. “I think the product offering is elegant, sophisticated and is not traditional Chinese consumerism,” Hirschfeld said.
Chinese teahouse Debutea opened its first U.S. location at 217 Thompson Street between Bleecker and West Third Streets at the end of February. The company, which has over 100 stores in China, sells high-end tea and coffee, desserts and Taiwan Cheese Tea, a drink that includes a thick layer of slightly sweetened and salty cheese cream added on top of a tea base.
After New York City, Debutea is looking to expand into the boroughs followed by Washington, D.C., Boston, Chicago and Philadelphia, Douglas Elliman’s Faith Hope Consolo (who represented both sides in the New York transaction) told CO.
Not all Asian concepts will work in the U.S. Ones that are “esoteric” to a local market, like stores selling Indian saris or Japanese kimonos, won’t resonate in America. “It’s not classic fashion,” Hirschfeld said. “It’s not the way we dress.”
Beyond food, Hirschfeld said India is “a market more people go into as opposed to out of.”
All in all, coming to the U.S. is kind of a no-brainer due to the consumer population.
“Our retail sales in the U.S. are greater than those in Spain, Italy, Germany, U.K. and France all together,” Hirschfeld said.
And coming to New York, “is like a badge for success,” Hall said.
But it wasn’t that long ago that certain Asian concepts were confounding to Americans. Hall recalls how difficult it was for New Yorkers to embrace Tokyo import Inakaya when it opened in the New York Times building at 231 West 40th Street in 2009. The upscale restaurant features Tokyo’s robatayaki (slow-grilled cooking) in front of the patron along with a theatrical staff.
“They weren’t received overly well,” said Hall, who did the eatery’s PR. “It was a lot of noise, it was very boisterous and people weren’t used to that concept. The small plates, having to order from different sections of the menu—the majority of Americans, or New Yorkers even, weren’t that familiar with that.”
Those days are long gone, especially in New York City.
Gotham Seeing Huge Influx of Retailers From Asia, and NYC Is Only the Beginning
Clockwise from left: 505 Eighth Avenue, 128 West 34th Street, & 3100 Ocean Avenue in Brooklyn
The REAL DEAL – By Ashley McHugh-Chiappone/February 16, 2018
January’s 10 biggest retail leasing deals were much smaller than December’s in terms of square footage.
The 10 biggest retail lease deals signed last month totaled 95,000 square feet, down about 84,000 square feet from last month’s total of 179,000 square feet. The largest retail lease in January was inked in deep Brooklyn. Here’s the full list:
1) Net Cost Market, , Sheepshead Bay – 35,000 square feet
2) Tailor’s Inn, , Midtown – 12,700 square feet
The Irish restaurant and bar concept inked a lease for 12,700 square feet at 505 Eighth Avenue. Allen Gurevich of GFP Real Estate represented the landlord in-house.
3) Absolute New York, 128 West 34th Street, Midtown South – 10,000 square feet
The cosmetics company signed a lease for 10,000 square feet of retail space at 128 West 34th Street, to be used as the company’s flagship retail location. Lee Block and Spencer Bowers of Winick Realty Group represented the tenant, while Marc Leber and Jeffrey Roseman of Newmark Knight Frank represented the landlord, Stahl Organization.
4) Chase Bank, 180 Bedford Avenue, Williamsburg – 8,000 square feet
The bank inked a lease for 8,000 square feet of retail space at 180 Bedford Avenue in hipster village. Thor Equities is the landlord of the building.
5) Church Street School for Music and Art, 41 White Street, Tribeca – 8,000 square feet
The nonprofit music and arts school signed a 15-year lease for 8,000 square feet at 41 White Street. Peter Braus of Lee & Associates NYC represented the tenant, while Andrew Stern of RKF represented the landlord, Benchmark Real Estate Group.
6) Cafe Metro, 240-246 West 35th Street, Midtown – 5,181 square feet
The fast-casual restaurant chain inked a 12-year lease for 5,181 square feet of retail space at 240-246 West 35th Street. Stu Morden and Lucas Kooyman of Newmark Knight Frank represented the tenant, while John Cinosky of ATCO Brokerage Services represented the landlord, ATCO Properties & Management.
7) Kinder Prep Childcare, 49 Broadway, Williamsburg – 4,952 square feet
The daycare signed a 20-year lease for 4,952 square feet of retail space at 49 Broadway. The asking rent was $60 per square foot. Keat Chew, Harrison Balisky and Aaron Lee of EXR represented the landlord, Broadway Prop, as well as the tenant.
8) PINK by Victoria Secret, 429 Broadway, Soho – 4,415 square feet
The apparel chain inked a pop-up lease for 4,415 square feet of retail space at 429 Broadway. Lee Block of Winick Realty Group represented both the tenant and the landlord, A.J.D. Building.
9) Nirvanna Designs, 1701 Broadway, Midtown – 3,400 square feet
The hats and accessories store signed a for 3,400 square feet of retail space at 1701 Broadway. Patty Holmstrom of Winick Realty Group represented the tenant and the landlord, Britannia 54th Holdings.
10) Anani Group, 918 Seneca Avenue, Ridgewood – 3,000 square feet
The coffee shop inked a 5-year lease for 3,000 square feet of retail space at 918 Seneca Avenue. Josh Augenbaum of Augenbaum Realty represented the tenant and the landlord, MLM Partners.
NEW YORK – January 18, 2018 – The store will be located on the second floor of the Mall in over 10,000 sf (8,000 sf selling) and will join other major retail icons which have opened their first stores in the Bronx such as H&M, Victoria’s Secret, American Eagle, Forever 21, and Express among many others.
UNIQLO has more than 1,900 stores in 19 markets worldwide. Since opening its first store in Hiroshima in 1984, UNIQLO has offered apparel that comes from the Japanese values of simplicity, quality, and longevity, featuring universal designs, supreme fit and comfort with the aim to improve the daily lives of its customers. The new store at Bay Plaza builds upon UNIQLO’s commitment to the New York City area since opening its first flagship store in Soho in 2006, with stores located throughout Manhattan, Brooklyn, Queens, Long Island, and New Jersey. The new store will extend UNIQLO’s commitment to giving back to the New York City community, where the brand has worked with the Department of Homeless Services for the past four years to donate clothing and children’s toys to people in need. In the 2017 alone, over 22,000 pieces of merchandise was donated to the PATH shelter in the Bronx.
Through UNIQLO’s partnership with NYC Parks, Art in the Parks, the brand has provided $200,000 of funding to bring local artists’ art to 10 New York City Parks, including Joyce Kilmer Park and Virginia Park in the Bronx.
Jerry Welkis, President of Welco Realty, Inc. and his associate, Etan Shalem, were the sole brokers who negotiated the deal directly with Uniqlo. The lease was signed in December and the store is scheduled to open Spring 2018.
Mr. Sam Shalem, Chairman of the Board of Prestige, the owners of the Mall feels that this is a real coup for the borough of the Bronx to be able to attract such an exciting retailer for the Bronx consumer. The Mall and the Power Regional Center outside the Mall is constantly expanding and looking to bring new and exciting retailers into the development. Recently, Saks Off 5th opened in the outdoor section of the Bay Plaza Development.
By Joshua Burd
Key Properties has broken ground on a standalone restaurant building in Cedar Knolls, marking the final piece of a redevelopment project that has given way to a new 107,000-square-foot retail center.
In announcing the start of construction, the firm said recently that the new 8,650-square-foot building will house IHOP and Mangiamo’s, an Italian eatery with catering services. It will rise within the footprint of what has become known as Hanover Crossroads, located at the busy intersection of Ridgedale and East Hanover avenues. (more…)
Old Navy had its grand opening last week in Hanover Crossroads, Cedar Knolls, NJ. The 107,000-square-foot Morris County shopping center – owned by Key Properties – has added Old Navy (12,500 square feet) to their list of tenants which include T.J.Maxx, HomeGoods, Five Below & Ulta Beauty.
Located at 110 East Hanover Ave., at the signalized intersection of East Hanover and Ridgedale avenues, Hanover Crossroads sits just one mile from a four-way interchange of I-287. Hanover Crossroads occupies part of a 43-acre former Berlex Laboratories campus.
HomeGoods NOW OPEN at Summerhill Square, 585 Route 18 South. The 26,079 square-foot store is the 21st in the New York City market.
HomeGoods offers a variety of discounted merchandise for the home. Departments include furniture, rugs, lighting, decorative accessories, gourmet kitchen and dining, bedding, bath, kids décor and toys, outdoor living, pet accessories, storage, workspace and more.
HomeGoods operates more than 570 stores across the country. HomeGoods is a division of The TJX Companies Inc.
Jerry Welkis, principal of Welco Realty, represented the landlord, Summerhill Square LLC, as well as the tenant in this transaction.
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Target NOW OPEN at 6401 18th Avenue, Brooklyn (Bensonhurst), New York. It is their 8th small-format store in New York for the retailer at 20,657 s.f. and is located at the corner of 64th Street & 18th Avenue.
“Target is a great merchant,” said Welkis. “They have great credit and they thought it would be a great amenity to the community to have one of the new Target urban concept stores. It was natural because of the tremendous population density, the subway diagonally across the street and they sell value-oriented merchandise.” The new Target site was formerly occupied by two stores, Annie Sez and Mandee, women’s clothing shops that both closed last year.
Jerry Welkis, principal of Welco Realty, represented the landlord, Alva Partnership, and Ripco Real Estate’s Jeffrey Howard represented the tenant in this transaction.
OCEAN TOWNSHIP – Sierra Trading Post, which is owned by the same parent company as Marshalls, has opened its store at Seaview Square Shopping Center in Ocean Township along with its sister store, HomeSense, a new home décor store from TJX Companies. The combined square footage of both stores are 43,000 s.f.
Sierra Trading Post, purchased by TJX in 2012, brings outdoor apparel and related goods to the company’s off-price concept. The store offers brand-name and designer merchandise at prices that are generally 20 to 60 percent below department stores.
HomeSense sells furniture, including sofas, leather furniture, and desks; as well as lighting, such as chandeliers and sconces; art and a rug emporium.
HomeSense & Sierra Trading Post join PetSmart, Target, Costco, Burlington Coat Factory, Big Lots, Sky Zone, Aldi & Work Out World.
Seaview Square Shopping Center consists of approximately 1.1 million s.f. of retail located at the junction of the region’s three major routes (18, 66 & 35) in Ocean Township, NJ.
Jerry Welkis, principal at Welco Realty, represented the Owner, Seaview Acquisitions, LLC, as well as the tenants in this transaction.
New 4,000 s.f. MedExpress is now open in Hackettstown, NJ. They are located at 228 Mountain Avenue.
As a neighborhood medical center, MedExpress is committed to enhancing the health and well-being of the communities they serve.
Jerry Welkis represented the tenant in this transaction.
For a limited time offering free flu shots *.
*Special promotional offer available while supplies last at the Hackettstown location only.
HANOVER – Hanover Crossroads in Cedar Knolls. Center has reached 100 percent occupancy.
Daily Record – August 25, 2017
The 107,000-square-foot Morris County shopping center – owned and under development by Teaneck-based Key Properties – has added Old Navy (12,500 square feet), IHOP (5,000 square feet) and an Italian restaurant with catering services (3,650 square feet) to its lineup.
Jerry Welkis of Welco Realty Inc., exclusive leasing agent for Hanover Crossroads, arranged the leases. Michael Friedman of Inline Realty served as leasing agent for Old Navy.
Located at 110 East Hanover Ave., at the signalized intersection of East Hanover and Ridgedale avenues, Hanover Crossroads sits just one mile from a four-way interchange of I-287.
RAMSEY – Interstate Shopping Center
Welco just signed a lease with Old Navy for 14,400 s.f. to join Bed Bath & Beyond, TJMaxx, Michael’s, Modell’s, ShopRite, Petco & DSW.
Jerry Welkis of Welco Realty Inc., exclusive leasing agent for Interstate Shopping Center, arranged the lease. Michael Friedman of Inline Realty served as leasing agent for Old Navy.