A Texas-centered house decor retailer is hoping to really feel at home in the Bronx.
At Property has signed a lease for 135,000 sq. toes at Prestige Houses and Development’s Bay Plaza Purchasing Centre, Welco Realty declared. The household decor retail store will fill a area vacated by Kmart, which has closed virtually all of its suppliers considering that submitting for bankruptcy in 2018.
The deal is technically a sublease with Transform KM, a person of the entities that formerly obtained Kmart’s property. Jerry Welkis of Welco represented the retailer on the lease, though JLL’s Erin Grace represented Transform KM.
Welco did not answer to a request for comment on the conditions.
At Home plans to open up the Bronx shop this spring. It will be part of a roster of other retail chains at the purchasing center and accompanying mall, including the initially Apple retail store in the Bronx. Apple’s retail outlet at the Mall at Bay Plaza is approximately 10,000 square feet.
At Residence has far more than 240 shops in the region, promoting dwelling decor things which includes household furniture, mirrors, rugs, arts and houseware. The standard retail store is a little far more than 100,000 square ft.
In the fourth quarter of fiscal 12 months 2021, At Household noted a net gross sales boost of 41 % to $562 million and document web revenue of $72.7 million.
The business has a short while ago opened stores in Rockland County and Middletown in Orange County. It took around part of a Macy’s building in the former and a former Backyard Mountain keep in the latter.
At Dwelling designed its New York Town debut two many years ago, taking about 130,000 square toes at the Alexander’s-owned Rego Middle in Queens. The retailer took about the previous Kohl’s area on the second floor of the mall the Kohl’s had shut in the middle of 2019 just after about 13 years.
That lease is thanks to expire in 2031, even though it can be renewed via 2051.