New Store Openings!

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,... [Read More]

Sierra Trading Post and HomeSense NOW OPEN at Seaview Square.

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,... [Read More]

MedExpress Urgent Care Now Open in Hackettstown, NJ

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.

Welco Signs Two Old Navy Leases – Hanover & Ramsey, NJ

Daily Record - August 25, 2017

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... [Read More]

Old Navy signs lease in Hanover Crossroads, Cedar Knolls, NJ

Daily Record - August 25, 2017

Daily Record – August 25, 2017 HANOVER – The Hanover Crossroads mall in Cedar Knolls has signed three new tenants to reach 100 percent occupancy. 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... [Read More]

Famous Footwear signs lease in Cedar Knolls, NJ

Real Estate NJ / Joshua Burd

Real Estate NJ, July 19, 2017 / By Joshua Burd A shopping center that is under construction in Morris County has added a global shoe retailer to its roster, according to developer Key Properties LLC. In a news release, the firm said Famous Footwear has leased about 7,000 square feet at the Hanover Crossroads in Cedar Knolls. The company joins a lineup of existing and... [Read More]

TARGET Signs Lease in Bensonhurst – 18th Avenue

Commercial Observer: Lauren Elkies Schram - 2/1/2017

Target has lined up a 20,400-square-foot space in Bensonhurst for a store with a flexible layout and smaller packaging, according to a press release from the company. The store will replace Annie Sez and Mandee stores (which closed this week upon lease expiration) at 6401 18th Avenue at the corner of 64th Street. The lease, signed last week, is for 10 years with options,... [Read More]

Farrow & Ball opens 2,000 s.f. showroom in Paramus, NJ

Shopping Centers - Mid Atlantic Real Estate Journal - November 25 - December 8, 2016 page 12C

PARAMUS, NEW JERSEY (The Shops at 17 North) – X-Team Partner Welco Realty, Inc, is pleased to announce that high-end British paint and wallpaper company Farrow & Ball has opened its first New Jersey store in Paramus, New Jersey.  The Paramus store is the 15th Farrow & Ball location in the United States.  The store is approximately 2,000 s.f. and has a 22 foot high... [Read More]

Saks Inks First Bronx Deal with 25K s.f. store in Bay Plaza SC

Lauren Elkies Schram

Saks Fifth Avenue is bringing its first store to the Bronx with a Saks Off 5th at Prestige Properties & Development’s open-air Bay Plaza Shopping Center near Co-op City. The new discount store will span 25,000 square feet at ground level at 200 Baychester Avenue, Jerry Welkis of Welco Realty told Commercial Observer. He represented Prestige along with... [Read More]

Annual List of NYC’s RE Firms with a Dozen Brokers or less – Commercial Observer

Lauren Elkies Schram, Deputy Editor, Commercial Observer

Welco Realty made the list! Founder: Jerry Welkis Date established: 1990 Number of brokers/agents then: 1 Number of brokers/agents now: 12 (plus 5 employees) When the Mall at Bay Plaza opened in the Bronx two years ago next month, it was billed as the first suburban-style fashion mall to be built in New York City in nearly 40 years. New... [Read More]