By Joshua Burd at re-nj.com
For full article, click here.
A new QuickChek convenience store and gas station is coming to a busy retail center in Robbinsville, following a deal arranged by Zoltek Commercial Real Estate Services.
Brokers with the firm represented both parties in the transaction at Hankins Center, which sits at the high-traffic corner of Route 130 and Hankins Road. They noted that QuickChek will join tenants including Dunkin’, Kiddie Academy and First Commerce Bank, adding to the property’s appeal while bringing much-needed convenience and gas service to those traveling on the thoroughfare.
Urszula Zoltek and Matt Ardizzone of Zoltek CRES represented the site’s ownership, East Windsor-based TFE Properties and MSM Realty, and are marketing an available 5,000-square-foot space, as well as an opportunity for a 10,000-square-foot retail strip located in the rear of the center, according to a news release. Zoltek, a principal with the Totowa-based firm, also represented QuickChek in the recent deal.
“We look forward to welcoming QuickChek and are excited about the growing potential of Hankins Center as a dynamic retail hub in Robbinsville!” Zoltek CRES wrote in its announcement.
TFE Properties Purchases Former First Bank Property in Flemington, NJ
Flemington, New Jersey (September 17, 2024) – TFE Properties, LLC, announced the purchase of 224 S. Main Street in Flemington, New Jersey. The property features two freestanding buildings (2,325 square feet and 966 square feet) on 1.4 acres in the commercial center of Flemington.
224 S. Main Street, located near the Flemington Circle, is seconds from Route 202 and is surrounded by retailers and businesses that are known for drawing traffic to the area including Home Depot, ShopRite, Aldi, Wawa, Burlington, Home Goods, Marshalls, Harbor Freight Tools, McDonalds, Chick-Fil-A, and many others.
“We’re excited about the potential of this location in Flemington,” Carey Tajfel, President of TFE Properties said. “It’s in an excellent location that is easily accessible to the surrounding homes and communities, while being in a highly visible, highly trafficked spot for passersby to access.”
The property is conveniently located at a five-point rotary (S. Main Street, Reaville Avenue, Parker Avenue, Main Street, and NJ Route 12) that on average has approximately 20,000 vehicles pass by daily, as well as over 36,000 people in a five-mile radius.
TFE Properties plans to repurpose the property with an alternative use. Tajfel stated, “We’re confident any retailer that moves into the building will thrive because of its prime location in the prominent town of Flemington.”
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.
First Full-Service Starbucks Store Opens in Monroe Township at Monroe Crossing
Monroe Township, New Jersey (12/14/2023) – A new Starbucks with a drive-thru officially opened in Monroe Township last month – the first location within the Township. Conveniently located within the Monroe Crossing mixed use development near the intersection of Route 33 and Applegarth Road, the new Starbucks is featured as the endcap of a newly constructed retail strip building containing approximately 11,000 square feet, with approximately 6,188 square feet remaining available for lease.
“We are extremely excited about this addition to Monroe Crossing,” says Carey Tajfel, President of TFE Properties. “We believe residents and commuters alike will enjoy this Starbucks location. Exciting things are happening on Route 33 in Monroe and surrounding areas, including the construction of new retail centers, multi-family residences, and warehouse development.”
The retail component at Monroe Crossing includes three additional pad sites, consisting of an operating Kiddie Academy childcare facility, a signed lease with a future quick service restaurant, and one remaining available pad for lease. The new Starbucks and future neighboring businesses are anticipated to attract consistent strong foot traffic in light of Monroe Crossing’s ideal location along central Route 33 with easy access to other major roadways, including the New Jersey Turnpike. Monroe Crossing is also positioned in close proximity to new and growing residential and commercial developments.
“The long-anticipated Route 33 transformation is underway taking advantage of its heavy vehicular traffic and large surrounding residential and warehousing projects, with future retail development to follow,” said Gregg Medvin, Executive Vice President of Pierson Commercial. “Monroe has strong income levels and continues to grow exponentially, yet the community is underserviced with shopping options. We are fortunate to help reshape the retail landscape and work on this prominent Monroe Crossing project.”
For leasing information, contact Pierson Commercial at (732) 724-3962.
For press inquiries and more information about TFE Properties, please contact Jenny Halat at (609) 632-0006 x8518 or [email protected].
About Starbucks: Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the world’s largest coffeehouse chain. As of November 2022, the company had 35,711 stores in 80 countries, 15,873 of which were located in the United States.
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.
Established in 2011, Pierson Commercial is a leading retail-focused commercial real estate brokerage and advisory firm providing a full range of acquisition, disposition and leasing services. Headquartered in Marlboro, NJ, with an office in New York City, the company’s broad client base encompasses institutional property holders and multi-faceted real estate developers as well as approximately two dozen regional and national retailers with growth strategies targeting the state of New Jersey. In total, Pierson Commercial’s retail leasing and property marketing assignments span over 6M square feet of retail space across major downtown redevelopments, ground-up new construction and existing retail shopping centers.
TFE Properties Purchases Walgreens in Aston, PA
East Windsor, New Jersey (February 7, 2023) – TFE Properties, LLC, has announced the purchase of the Walgreens building in Aston, Pennsylvania. The 15,120 sq ft building, built in 1999, is situated on a 1.69-acre lot. This Walgreens features a convenient double drive-thru and is ideally located at the intersection of Concord and Pennell roads in a busy retail corridor which includes Giant, BigLots, Family Dollar, Dollar Tree, CVS, Wawa, Planet Fitness, Dairy Queen, Taco Bell, Wendy’s, Wells Fargo, TD Bank, and more.
Carey Tajfel, President of TFE Properties, says, “this was an appealing investment for us due to its location in a busy Philadelphia-adjacent retail hub near Neumann University and other attractions. Plus, the tenant is a top-performing Walgreens with a long history of successful operations.” The Walgreens is located in Aston Township, a dense, affluent location in the Philadelphia metro area, about 20 miles southwest of Center City Philadelphia.
Walgreens is the second largest pharmacy store chain in the United States, operating nearly 9,000 drugstores as of August 2021. Founded in 1901, Walgreens employs more than 240,000 people and is headquartered in Deerfield, Illinois. Walgreens has continuously and successfully operated in this Aston location for over 23 years.
For press inquiries and more information about TFE Properties, please contact Julia Coppock at (609) 944-4010 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, and land development. For more information, visit www.tfeproperties.com.
TFE Properties Purchases Urban Outfitters Building in Westfield, NJ
East Windsor, New Jersey (January 12, 2023) – TFE Properties, LLC, has announced the purchase of the Urban Outfitters building in Westfield, New Jersey. This three-story building, which includes over 12,000 square feet of shoppable space, was formerly a bank branch, giving the location a unique and eclectic vibe. Urban Outfitters has operated this retail location for the past 10 years, and they plan to continue serving the growing and affluent Westfield community.
The building’s distinctive appeal is enhanced by the architectural features of the former bank that have been preserved and repurposed for retail use. The bank’s vault, which dates back to 1922, and safety deposit rooms were converted to fitting rooms and a sales area. The space includes ceiling cornices, extensive woodwork, a chandelier, a fireplace, and a new steel staircase suspended below a preexisting oculus and skylight. The store earned the Urban Outfitters “Store of the Year Award” in 2012.
Carey Tajfel, President of TFE Properties, says, “this building’s unique features, as well as its prominent location in the trendy town of Westfield, New Jersey, made it an excellent strategic investment for our company.” The building is steps away from the Westfield NJ Transit train station in a dense, walkable retail area that features national brands as well as local eateries and boutiques.
For press inquiries and more information about TFE Properties and Hotels Unlimited, please contact Julia Coppock at (609) 944-4010 or [email protected].
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, NJ. 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, and land development. For more information, visit www.tfeproperties.com.