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Posted: November 15, 2016
Welkis of Welco acts for landlord in two lease deals totaling 6,000 s/f
Paramus, NJ According to X-Team partner Welco Realty, Inc, British paint and wallpaper company Farrow & Ball has opened its first area store. The Paramus store is the 15th Farrow & Ball location in the U.S. The store is 2,000 s/f and has a 22 ft. high ceiling. Other tenants in the center are PM Pediatrics, Kohler Showroom, FedEx & German Kitchen Center.
Paint pioneers John Farrow and Richard Ball founded the company in 1946. They met while working at a local clay pit and later went on to build their first factory in Dorset.
Jerry Welkis of Welco, Inc. represented the landlord, 17 North Associates and SRS Real Estate Partners – NE, LLC, while Sarah Hughes, represented the tenant.
Welco was also instrumental in aiding the signing of a lease for a 4,000 s/f Kohler Showroom to open shortly at The Shops at 17 North. Kohler was founded in 1873 and has more than 50 manufacturing locations on 6 continents maintaining the leading brands in Kitchen and Bath, Power Systems, Interiors and Hospitality.
Welkis represented the landlord, 17 North Associates and The Greco Realty Group, Stephanie Greco, represented Kohler.
Welco Realty, Inc is a leading commercial brokerage firm in the New York, New Jersey Metro Area specializing in retail tenant and landlord representation. Welco Realty serves as the Exclusive Leasing Agent for landlords and developers throughout New York, New Jersey, Connecticut and Pennsylvania. Welco Realty represents over 30 national and regional tenants exclusively. For more information and contacts, visit www.welcorealty.com.
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation.
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