Bronx’s Mall at Bay Plaza nabs another tenant ahead of opening

The Mall at Bay Plaza locked in another large tenant just ahead of the Bronx shopping center’s opening today. XSport Fitness finalized a lease for 37,000 square feet on the third and fourth floors last week and all tenants sign a 10-year lease, the New York Observer reported. The operator of 24-hour gyms is expected to open for business at Bay Plaza... [Read More]

August 14 2014

Forever 21 Signs for Space in Mall at Bay Plaza

Discount fashion retailer Forever 21 has signed a lease for a 15,000-square-foot space for the upcoming Mall at Bay Plaza in the North Bronx, the shopping center’s developer, Prestige Properties,announced Thursday. The Los Angeles-based chain will move in alongside stores like Victoria Secret, H&M and anchor department stores Macy’s and JC Penney in the... [Read More]

June 13 2014

EXCLUSIVE Five Retail Leasing Trends You Need to Know

Jennifer LeClaire | Miami

MIAMI—Retail leasing is a different animal in Miami than it is in Houston, Seattle or Chicago. But there are some common threads that run through the markets. caught up with Jerry Welkis, president of Welco Realty and X Team International partner, to get his take on how retail leasing has changed and what trends he sees in emerging in part one of... [Read More]

April 22 2014

Beauty Shop Takes Space at Mall at Bay Plaza

Lauren Elkies Schram

National one-stop-shop beauty products store Ulta Beauty signed a lease for 11,400 square feet at the under-construction Mall at Bay Plazanear Co-op City in the Bronx, and hopes to debut on Aug. 14, the day of the mall’s grand opening. Ulta’s asking rent was in the low-$100s per square foot and the mall’s rents climb as high as the $200 per square foot range (for... [Read More]

April 03 2014

Welkis of Welco Realty Represents Tenant Frantzman of Levin Mgmt. Negotiates 22,000 s.f. Lease

Mid Atlantic Real Estate Journal – Shopping Centers

FLEMINGTON, NJ – North Plainfield based Levin Management has announced the successful negotiation of a long-term lease with HomeGoods at The Shoppes at Flemington. Levin’s leasing representative Jake Frantzman negotiated the transaction, which included construction of a new 22,000 s.f. building for the home fashions... [Read More]

September 22 2013

Shopping Center Today – CENTERS OF ATTENTION 2013 Bringing the Enclosed Fashion Mall Back to New York City

Mid Atlantic Real Estate Journal – Shopping Centers

When The Mall at Bay Plaza opens in the summer of 2014 it will be the first en- closed anchored fashion mall built in New York City in over 40 years. This first-class, suburban-style fashion mall will showcase over 100 national fashion stores and restaurants. Tenants such as H&M, Victoria’s Secret,... [Read More]

September 01 2013


1) 255 Greenwich Street, New York, NY Welco Realty, Inc., based in New Rochelle, New York represented Fairway Supermarkets at 255 Greenwich (Murray Hill Section), the building that had been known as 75 Park Place until it was rebranded in an effort to attract a big-box retailer. Fairway Market, which launched its first store on the Upper West Side in the 1930s, is coming... [Read More]

August 04 2013

Chain Store Age Magazine: A FASHION FIRST Mall at Bay Plaza will bring luxury in an enclosed setting to NYC


When The Mall at Bay Plaza opens to the public in 2014, adjacent to the highly successful outdoor Bay Plaza Shopping Center, it will be heralded as the first enclosed fashion mall in the New York City area in nearly 40 years. That’s big news. Particularly at a time when new development has taken a back seat... [Read More]

May 06 2013

WELCO REALTY’S WELKIS Represents HomeGoods

MID ATLANTIC Real Estate Journal – Shopping Centers

EDGEWATER, NJ – HomeGoods, TJX Companies’ off-price home fashion retailer, is set to open its newest New Jersey location at Edgewater Harbor, announced Levin Management. The 24,000 sf store anchors the 100,000 sf retail component of this premier mixed-use development. Levin’s leasing representative Jake Frantzman negotiated the long-term lease. Jerry Welkis of Welco... [Read More]

March 29 2013


Northern and Central New Jersey Retail

The dense markets of northern and central New Jersey are showing some encouraging signs of momentum. Over the past 18 months, retailers have flocked to places like Paramus, Millburn, Wayne, Totowa, Springfield/Union, Livingston, East Hanover and Jersey City/Secaucus, to name a few. They are well aware that the major malls and retail corridors of Northern New... [Read More]

January 14 2013