RAMSEY, NJ — National gourmet sandwich chain Jimmy John’s continues is expansion in New Jersey with a new 1,130 SF location at Ramsey Center – 875 Route 17 South, Ramsey, NJ. The store is the first in Northern Bergen County. “Jimmy John’s has really great exposure on Route 17, and the business is steadily growing,” says David Townes of Welco Realty, who... [Read More]


SHREWSBURY, NJ — Cost Plus World Market, a division of Bed, Bath & Beyond has secured a new 15,000 sf space at 490 Broad Street, Shrewsbury, New Jersey. It is their second store in the New Jersey area (Monmouth County). They opened their first Northeast store in July 2014 at 530 W. Mt. Pleasant Avenue in Livingston, New Jersey (Essex County). Cost... [Read More]


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... [Read More]

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]

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]

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]

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]

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]

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]


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]