By Joshua Burd – Real Estate NJ
Crunch Fitness is coming to a newly updated retail center in Brick, where it will lease 25,000 square feet in the largest of three recent transactions arranged by JLL.
The brokerage team, which represents ownership, said the Primetime Fitness-owned franchise will anchor The Shops at Brick at 131-191 Van Zile Road. That follows TFE Properties’ acquisition of the complex last year and a subsequent refresh meant to enhance its curb appeal and create a more inviting environment for visitors.
Those updates have also helped it secure a 7,799-square-foot lease with Health Village Imaging, part of the Hackensack Meridian Health system, and an 8,000-square-foot deal with Bubble Island, the fast-growing indoor children’s entertainment concept.
“When we acquired The Shops at Brick, our vision was to create a modern neighborhood destination that reflects how people shop, work out and spend time with their families today,” said Carey Tajfel, principal of TFE Properties. “Refreshing the property’s appearance was an important first step, but the real opportunity lies in assembling a thoughtful mix of retailers and service providers that complement one another. We’re thrilled to welcome these new tenants who will create an even stronger experience for shoppers while generating consistent traffic that benefits every tenant in the center.”
JLL’s Alana Friedman, Craig Parcells and David Townes lead the agency team for The Shops at Brick and continue to market availabilities ranging from 1,392 to 24,934 square feet. Brian Von Schmid of RIPCO Real Estate represented Primetime Fitness, while Stephen Hanscom and Carolyn B. Sica of CBRE represented Health Village Imaging and EXP Realty represented Bubble Island.
“Successful neighborhood shopping centers are built around complementary uses that give customers multiple reasons to visit throughout the day,” Friedman said. “Fitness, health care and family entertainment each generate repeat visitation on their own, but together they create a destination that serves the daily needs of the community while strengthening the performance of the entire property.”
According to a news release, Primetime is one of the fastest-growing franchises within the Crunch Fitness system and has been expanding its footprint across New York and New Jersey. The new Brick location will feature the Crunch 3.0 design, combining modern aesthetics with enhanced functionality to deliver an upgraded fitness experience.
Health Village Imaging, for its part, will operate a comprehensive medical office and radiology center, bringing essential health care services to The Shops at Brick. And Bubble Island will provide a family entertainment venue that will add a dynamic recreational component to the center’s tenant mix.
Located at the intersection of Route 70 and Van Zile Road, The Shops at Brick benefits from strong regional access and serves a three-mile trade area of more than 81,000 residents with a median household income of $91,000, JLL said. Since acquiring the property in spring 2025, TFE Properties has completed exterior improvements, including new signage and enhancements to the arrival experience, creating a more welcoming environment for visitors and reinforcing The Shops at Brick as a premier neighborhood retail destination along one of Ocean County’s primary commercial corridors.
Grand Opening of Kirby Village Apartments in Somerville, NJ
Somerville, NJ (June 16, 2026) – Community leaders, local officials, and development partners gathered to celebrate the grand opening of Kirby Village, one of Somerville’s newest residential communities, on Tuesday, June 9, 2026 during a ribbon-cutting ceremony that highlighted the property’s modern amenities and welcoming atmosphere. Tenants have been living at Kirby Village since mid-2024 and have been singing its praises ever since. With the community at nearly 100% occupancy, it is quickly becoming one of the area’s most sought-after residential destinations.
Among the distinguished guests in attendance was Mayor Brian Gallagher, along with several township officials and community representatives. The event also welcomed many employees from TFE Properties and Hotels Unlimited, whose dedication and hard work helped bring the vision for Kirby Village to life.
Guests enjoyed a delicious spread of food while connecting with neighbors, local leaders, and project team members. Attendees were invited to tour one of the beautifully appointed townhome-style apartments and explore the community’s impressive amenities, including the outdoor swimming pool, state-of-the-art fitness center, playground, and numerous additional features designed to enhance residents’ lifestyles.
“Kirby Village is a unique, townhome-style community with great amenities and provides a park-like feel. There’s a number of other great projects in downtown Somerville, and I’m proud of the fact that Somerville has something for everybody,” said Carey Tajfel, President of TFE Properties. “This project reflects the collaborative efforts of our partners, local officials, and dedicated team members who worked tirelessly to make this vision a reality.”
The grand opening marked an exciting milestone for Kirby Village and the Somerville community, showcasing a residential development that combines comfort, convenience, and modern living in a desirable location.
“One of the caveats we have when we create developments in Somerville, is we want to create additional neighborhoods. Either part of the fabric of the existing neighborhood or create a new neighborhood, and when you walk through Kirby Village it is a neighborhood,” said Mayor Brian Gallagher. “So, I want to thank you for believing and investing in Somerville.”
The celebration provided an opportunity for guests to experience firsthand the quality and thoughtful design that define Kirby Village while recognizing the partnerships and community support that contributed to its successful completion.
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, New Jersey. Best known for diverse offerings in nearly all asset classes, exceptional quality, and hands-on management, TFE Properties develops strategically located commercial and residential properties from the ground up, in addition to purchasing existing properties with opportunity to create value. The company’s primary areas of focus include retail centers, single net tenants, hotels, office buildings, apartment complexes, storage facilities, and land development. For more information, visit www.tfeproperties.com.
TFE Announces Acquisition of Two Former Rite Aid Properties in Ocean County, NJ
Ocean County, New Jersey (05/18/2026) – TFE Properties is pleased to announce the acquisition of two former Rite Aid properties located in Ocean County, New Jersey.
The acquisitions include a former Rite Aid property in Manchester Township, NJ, and another in Lacey Township, NJ. Both highly visible retail locations offer strong redevelopment and leasing potential in growing commercial corridors.
The Manchester Township property features a freestanding 11,206-square-foot building situated at the signalized intersection of Route 70 and Ridgeway Road. The site benefits from exceptional visibility and accessibility, with Route 70 carrying approximately 26,000 vehicles per day and Ridgeway Road supporting approximately 16,000 vehicles per day. The surrounding trade area has experienced significant residential and commercial development, further enhancing the long-term value of the asset.
The Lacey Township acquisition consists of a vacant 10,908-square-foot former Rite Aid situated on approximately 1.76 acres at the corner of Route 9 and South Main Street, a signalized intersection in one of the township’s primary retail corridors, traveled by approximately 26,000 vehicles per day. Zoned Commercial C-150, the property offers strong visibility, access, and flexibility for a wide range of retail and commercial uses.
“These acquisitions represent another step in TFE Properties’ continued investment strategy focused on well-located retail assets with strong redevelopment and repositioning opportunities,” said Carey Tajfel, President of TFE Properties. “Both sites are located within growing Ocean County communities and offer excellent frontage, traffic exposure, and long-term value.”
TFE Properties plans to actively market both locations to retailers, medical users, service-oriented businesses, and other potential tenants seeking high-traffic locations in Ocean County.
For press inquiries and more information about TFE Properties, please contact Jenny Halat at (609) 632-0006 x8518 or [email protected].
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, New Jersey. Best known for diverse offerings in nearly all asset classes, exceptional quality, and hands-on management, TFE Properties develops strategically located commercial and residential properties from the ground up, in addition to purchasing existing properties with opportunity to create value. The company’s primary areas of focus include retail centers, single net tenants, hotels, office buildings, apartment complexes, storage facilities, and land development. For more information, visit www.tfeproperties.com.
TFE Announces Acquisition of 4 Boardwalk in Ocean Grove, New Jersey
Ocean Grove, NJ – Monday, March 9, 2026 – TFE Properties announced the acquisition of 4 Boardwalk in Ocean Grove, New Jersey, marking the company’s first boardwalk property in the historic seaside community.
The property is the former site of the Boardwalk Pavilion, which was home to several beloved small businesses, including Dune’s Boardwalk Café. The site was destroyed by fire in 2019 but has remained a prominent and meaningful location along the Ocean Grove shoreline.
Situated in a highly desirable coastal corridor, 4 Boardwalk offers exceptional proximity to neighboring Asbury Park—just steps from the city’s historic pavilion and carousel—and is equally convenient to Ocean Grove’s vibrant town center, known for its unique shops, restaurants, and year-round community events.
“This acquisition represents an important milestone for TFE,” said Carey Tajfel, President of TFE Properties. “Ocean Grove’s boardwalk is iconic, and we are honored to invest in a property that holds both historic significance and meaningful potential for the community. We look forward to contributing thoughtfully to the continued vitality of the shoreline.”
TFE Properties planned 40,000-square-foot pavilion aims to reestablish the property as a vibrant destination for residents and visitors, while honoring the site’s historic role within the community.
Ocean Grove, renowned for its Victorian architecture and charming seaside character, continues to attract visitors and residents seeking a distinctive coastal experience. TFE’s investment underscores confidence in the long-term growth and appeal of the area.
For press inquiries and more information about TFE Properties, please contact Jenny Halat at (609) 632-0006 x8518 or [email protected].
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, New Jersey. Best known for diverse offerings in nearly all asset classes, exceptional quality, and hands-on management, TFE Properties develops strategically located commercial and residential properties from the ground up, in addition to purchasing existing properties with opportunity to create value. The company’s primary areas of focus include retail centers, single net tenants, hotels, office buildings, apartment complexes, storage facilities, and land development. For more information, visit www.tfeproperties.com.
TFE Properties Acquires Property in Burlington Township to Construct New Apartment Complex
Burlington Township, New Jersey (10/27/2025) – TFE Properties is pleased to announce that it has acquired a 13-acre property at the corner of Fountain Avenue and the Burlington Bypass in Burlington Township, New Jersey. Spectrum Way will be a brand-new, 4-building apartment community. Construction is anticipated to commence within the next few months.
Nestled in the heart of Burlington Township, Spectrum Way will be conveniently located off Fountain Avenue, between Burlington-Mt Holly Road (Route 541) and the Burlington Bypass. This complex will be in close proximity to three Burlington Township schools, with easy access to Interstate 295, Route 130, and the New Jersey Turnpike. Residents will enjoy upscale finishes, modern amenities, and high-tech convenience in the comfort of their home and community.
The new apartments will feature nine different layouts with one, two, and three bedroom options. Each unit will include an in-unit washer and dryer, spacious floor plan with 9-foot ceilings, and large windows for ample natural lighting.
“We’re very excited to bring Spectrum Way to Burlington Township. It’s the perfect location for commuters, new families, and for anyone who wants to be in the center of it all,” says Scott Tajfel, Director of Residential Operations for TFE Properties. “Prospective tenants will love the convenient location, spacious floor plans, modern finishes, and community setting that we will be offering, as well as the option to have a private garage.” This brand new project will boast units ranging from 800 square feet to 1,419 square feet.
Apartment features include a generous master bedroom, walk-in closet in select units, a balcony or patio/porch, a full-sized washer and dryer, and a spacious kitchen with soft-close cabinets, quartz countertops, and stainless-steel appliances, among other appealing touches. The community will be pet-friendly with an on-site, fenced-in dog park, and will offer a fully-equipped fitness center, kids’ play area, and outdoor community patio area.
“TFE is excited to expand its multi-family portfolio, with its first apartment complex in Burlington County. The demographic moving to this area expects an elevated level of comfort and convenience with high-tech features,” says Carey Tajfel, President of TFE Properties. “We’re proud to meet those high standards in this community. We anticipate a busy pre-leasing period.”
Spectrum Way will enjoy close proximity to nearby Florence Township and Westhampton. Residents will have easy access to nearby shopping, dining, and entertainment including downtown Burlington’s Historic District, Burlington Riverfront Promenade, Burlington Towne Center, Sylvan Lake Park, and the Delaware River Heritage Trail.
Spectrum Way will be located at 100 Spectrum Way, Burlington Township. More information about leasing to come soon.
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, New Jersey. Best known for diverse offerings in nearly all asset classes, exceptional quality, and hands-on management, TFE Properties develops strategically located commercial and residential properties from the ground up, in addition to purchasing existing properties with opportunity to create value. The company’s primary areas of focus include retail centers, single net tenants, hotels, office buildings, apartment complexes, self-storage facilities, warehouse/flex buildings, and land development. For more information, visit www.tfeproperties.com.
TFE Properties Acquires Orchard Plaza, a 10-acre retail center in Ocean Township, NJ
Ocean Township, New Jersey (August 25, 2025) – TFE Properties, LLC, announced the acquisition of Orchard Plaza, a 10-acre retail center located on Route 35 South in Oakhurst, NJ.
The retail center was a booming destination for shoppers when it first opened in 1980, but vacancies have increased over time, and the property is ripe for a new, updated vision to better serve the surrounding community.
TFE Properties, known for acquiring and redeveloping existing properties with great potential to create value, has big plans for Orchard Plaza. “Monmouth County is an ever-growing destination for residents, vacationers, commuters, and businesses,” Carey Tajfel, President of TFE Properties explains. “And with the new Netflix production facility coming to the former Fort Monmouth campus, Route 35 is going to see an increase in traffic. We want to make sure the area is up to its peak potential.”
Tajfel went on to explain that while plans for Orchard Plaza have not yet been finalized, a multitude of attractive possibilities remain under careful consideration. “The plaza is situated in an excellent location along a busy thoroughfare surrounded by other thriving retail centers in Ocean Township. We’re confident that with some modernization tailored to the community’s needs, the future site will thrive.”
For press inquiries and more information about TFE Properties, please contact Jenny Halat at (609) 632-0006 x8518 or [email protected].
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, New Jersey. Best known for diverse offerings in nearly all asset classes, exceptional quality, and hands-on management, TFE Properties develops strategically located commercial and residential properties from the ground up, in addition to purchasing existing properties where the team see opportunities to create value. Primary areas of focus include retail centers, single net tenants, hotels, office buildings, apartment complexes, storage facilities, warehouse/flex buildings, and land development. For more information, visit www.tfeproperties.com.
Fair Lawn New Jersey Shopping Center Sold
Fair Lawn New Jersey Shopping Center Sold
JLL Capital Markets advised on the sale of a 93,000 SF shopping center in Bergen County
MORRISTOWN, N.J., July 15, 2025 – JLL Capital Markets announced today that it advised the Seller, TFE Properties, on the sale of River Road Shopping Center, a value-add neighborhood center with redevelopment potential in Fair Lawn, New Jersey.
River Road Shopping Center, originally built in 1962, consists of 92,523 square feet of prime retail space spread across three buildings on a 6.45-acre site. Notable tenants include Sherwin Williams and Walgreens. The property also includes a vacant grocery store with covered parking that was previously leased to ShopRite.
Located at 17-17 to 17-77 River Road within the densely populated and affluent town of Fair Lawn, River Road Shopping Center benefits from quick access to major highway including Routes 208, 4, and 17 as well as Interstate 80, offering unmatched regional connectivity.
JLL Capital Markets Investment Team advising the seller included Senior Managing Directors Jose Cruz and Kevin O’Hearn and Senior Director J.B. Bruno. JLL Capital Markets was also involved in the prior sale of this property which occurred less than one year ago in August of 2024.
According to O’Hearn, “We’re thrilled to have assisted TFE Properties with the successful completion of their value-add strategy in less than one year from acquiring the property. With the lack of retail development in the region, combined with the exceptionally strong user demand, opportunistic investors are poised to do very well in this market.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About TFE Properties
Established in 1979, TFE Properties is a dynamic commercial and residential developer known for its strategic approach to projects and acquisitions. With a focus on both new developments and revitalizing existing properties through renovations and market repositioning, the company has built a diverse portfolio spanning various asset classes, including retail centers, single net tenants, hotels, office buildings, apartment complexes, self-storage facilities, warehouse/flex buildings, and land.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Contact: Gréta Kieras, Senior Associate, Public Relations
Phone: +1 949 930 8498
Email: [email protected]
NEWLY RENOVATED Hilton Garden Inn Lakewood RE-OPENS Modern, Distinctive Design With Tech-Savvy Features
Lakewood, New Jersey (May 6, 2025) – TFE Properties, Inc. is proud to announce the grand re-opening of the newly transformed Hilton Garden Inn located on Route 70 in Lakewood, New Jersey. The recently completed $5 million floor-to-ceiling renovation includes an overhaul of all guest rooms and suites, the lobby, meeting rooms, indoor pool, and all hotel common areas, including the fitness center and an onsite restaurant.
The exterior of the 110-room hotel has been freshly painted with a modern color-block palette, providing a serene, welcoming feel before guests step foot in the lobby. “We’re excited to celebrate the re-opening of the Hilton Garden Inn Lakewood,” says Carey Tajfel, President of Hotels Unlimited. “The hotel’s location right off the Garden State Parkway makes it the perfect choice for corporate and leisure travelers, as well as vacationing families who want easy access to local attractions in the area including the Jersey Shore and boardwalks.”
The Hilton Garden Inn Lakewood’s renovations were designed with conveniences for the modern traveler. Guests love the modern, functional design of the furniture, especially the guestroom headboards with built-in electronic connections and individual reading lights. As one guest praised, “This is the place to stay on your trip to the Jersey Shore. Attention to customer satisfaction and courtesy is a priority.”
Guests have been praising the new look to hotel staff, commenting specifically on the fresher and brighter appearance of the public areas and how modern the guest rooms look. The hotel’s public areas also include an expanded outdoor deck and pergola. Guests are also loving the new indoor pool area and expanded fitness center, with state-of-the-art workout equipment.
General Manager of the Hilton Garden Inn Lakewood, Michael Ramos, remarked, “We are seeing so many more guests taking advantage of these great spaces!” Michael Ramos adds, “I am very excited to be putting the finishing touches on this outstanding hotel renovation. Our team members are so proud of our all-new hotel, and they take great pride in keeping it beautiful and comfortable for all our guests.”
Members of the press interested in attending the upcoming re-opening celebration are invited to contact Carmelita Carreon, Social Media Coordinator, at (609) 632-0006 x8561 or [email protected]. For corporate and group rate inquiries, please contact Debbie Pizzola, Executive Director of Sales, at (609) 578-0138 or email [email protected]. For hotel reservations, please visit www.lakewood.hgi.com or call the hotel directly at (732) 262-5232. Hotels Unlimited, Inc., established in 1990, includes 9 hotels in locations throughout New Jersey affiliated with Holiday Inn®, Holiday Inn Express®, Radisson®, DoubleTree®, Hilton Garden Inn®, Days Hotel®, and Sheraton®.
EZ Self Storage in Lakewood, NJ Transitions to CubeSmart
Lakewood, New Jersey (May 12, 2025) – TFE Properties, LLC, announced that their EZ Self Storage facility in Lakewood, NJ will now be a CubeSmart as of Tuesday, April 8, 2025.
The CubeSmart Lakewood location includes 820 storage units with 95,000 square feet of storage space. The property located at 925 New Hampshire Avenue in Lakewood, NJ, features computerized gate access and climate controlled, ground-level, and oversized units. The self-storage facility is conveniently located on New Hampshire Avenue with easy access to Route 70. The proximity to new and growing residential and commercial developments has been a top selling point for this facility.
The storage facility, newly managed by CubeSmart, has been a part of the TFE Properties portfolio since 2001. Carey Tajfel, President of TFE Properties, says, “We are excited that CubeSmart will be managing its third self-storage location under TFE. We saw incredible results when we opened CubeSmart East Brunswick in 2020, which governed our decision to convert our EZ Self Storage Howell location to a CubeSmart last year, with EZ Self Storage Lakewood to follow soon after.”
Anyone interested in renting a unit can contact CubeSmart at 877- 569- 1564 or visit https://www.cubesmart.com/new-jersey-self-storage/lakewood-self-storage/5075.html?utm_source=google&utm_medium=gmb&utm_campaign=gmb-listings
For press inquiries and more information about TFE Properties, please contact Carmelita Carreon at (609) 632-0006 x8561 or [email protected].
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, New Jersey. Best known for diverse offerings in nearly all asset classes, exceptional quality, and hands-on management, they develop strategically located commercial and residential properties from the ground up, in addition to purchasing existing properties where they see opportunities to create value. Their primary areas of focus include retail centers, single net tenants, hotels, office buildings, apartment complexes, storage facilities, warehouse/flex buildings, and land development. For more information, visit www.tfeproperties.com.
About CubeSmart: CubeSmart (NYSE: CUBE) is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition, and development of self-storage facilities in the United States. Our self-storage facilities are designed to offer affordable, easily accessible storage space for residential and commercial customers. As a national owner and operator, we continually enhance our business by applying our management expertise and best practices to each facility.
TFE Properties Acquires The Shops at Brick, a nearly 104K SF Shopping Center in Brick Township
Brick Township, New Jersey (March 3, 2025) – TFE Properties announces the purchase of The Shops at Brick, a 103,832 SF shopping center located in Brick, New Jersey. The plaza includes Bonefish Grill and McDonalds as anchor tenants with several spaces available for lease including anchor and junior anchor space opportunities.
Conveniently located between Route 70 and Van Zile Road, The Shops at Brick offer an abundance of on-site parking, excellent visibility and access, and is located within walking distance to approximately 4,000 people. “We’re excited about this addition to our portfolio,” explains Carey Tajfel, President of TFE Properties. “The Shops at Brick is in the heart of Brick Township, a strong community with high income levels and great demographics. We also plan to renovate the façade to give it a fresh clean modern appearance to help the center reach its full potential and align with our high company standards. That, combined with its prime location off two major roadways while being within walking distance for many people will be important factors for future tenants.”
This is TFE Properties’ fifth property they have added to their expansive portfolio in Brick, New Jersey. “There’s a reason we keep coming back to Brick,” Tajfel continued. “It’s a town that is continuously growing and evolving. It’s exciting to be a part of.”
Other Brick developments include Starbucks, Fortunoff Plaza, Boulevard at Brick apartment community, all along Brick Boulevard, and a medical/professional office building off along Chambers Bridge Road.
The Shops at Brick is located 3.5 miles from Exit 88 off the Garden State Parkway, and it offers easy access from Route 70 (40,000 VPD) and Van Zile Road (23,000 VPD). Available spaces range from 1,700 SF to 35,000 SF. For leasing information, contact TFE Properties at (609) 944-4050 or [email protected].
Kevin O’Hearn and Joseph Lopresti of JLL Capital Markets represented the seller and buyer, an affiliate of TFE Properties.
For press inquiries and more information about TFE Properties, please contact Jenny Halat at (609) 632-0006 x8518 or [email protected].
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, New Jersey. Best known for diverse offerings in nearly all asset classes, exceptional quality, and hands-on management, they develop strategically located commercial and residential properties from the ground up, in addition to purchasing existing properties where they see opportunities to create value. Their primary areas of focus include retail centers, single net tenants, hotels, office buildings, apartment complexes, storage facilities, warehouse/flex buildings, and land development. For more information, visit www.tfeproperties.com.
About JLL: For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.