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EAST BRUNSWICK, NJ – Officials in East Brunswick got the opportunity to formally welcome RWJ Barnabas Health Medical Center to town.
The medical center held an official ribbon-cutting ceremony for its new Children’s Specialized Hospital recently.
Occupying what used to be the old K-Mart building, 22,000 square feet of space is dedicated to specialized pediatric care.
“On behalf of the Township of East Brunswick and our Township Council – the town welcomes you here and wishes you the utmost success,” Mayor Brad Cohen said.
The medical center will be home to the best clinicians in the state, the hospital said.
“Our mission is to make the lives of the people in this County better,” said Mark Manigan, President & CEO of RWJ Barnabas Health said. “We are providing specialized care so that ideally no one has to leave their community to take care of their kids.”
This state-of-the-art location is also looking to expand soon, to include Rutgers Cancer Institute, Women’s Health Services, and other system partners.
“We are providing accessible, world-class services to children who are facing unique health challenges,” Dr. Michael McDonald, President & CEO of Children’s Specialized Hospital said.
Apart from developing the Route. 18 corridor, Cohen and East Brunswick officials have worked at making the location a “medical corridor.”
The article RWJ Barnabas Celebrates East Brunswick Center With Ribbon Cutting appeared first on East Brunswick Patch.
TFE Properties and Hotels Unlimited Announce Sale of Ramada Toms River, Purchase of Commercial Buildings in Toms River, Manalapan, East Brunswick
East Windsor, New Jersey (November 8, 2022) – TFE Properties and Hotels Unlimited (a division of TFE Properties) have finalized the sale of the Ramada of Toms River as of November 1, 2022. The company has also recently completed the purchase of medical/office space at 970 Hooper Avenue in Toms River, NJ, an office building at 500 Craig Road in Manalapan, NJ, and The Fields Sports Complex in East Brunswick, NJ.
In reference to the sale of the Ramada Toms River, company President Carey Tajfel says, “We thank all of our patrons and guests for 32 years of business. Our decision to sell the Ramada was based on significant interest in converting the building to meet the office needs of the local community. We have built many happy memories and deep ties within the Toms River area, and these ties will grow as we continue to operate the nearby Days Hotel Toms River and Hilton Garden Inn Lakewood hotels.”
When asked about the decision to purchase the new commercial assets, Tajfel noted that he plans to improve the quality of the assets to create more tenant interest in the properties. He anticipates attracting “medical or other qualified office tenants that are looking for an upgraded building which is operated by an excellent landlord with a reputation for quality and attention to detail.”
The Fields is fully occupied, but 500 Craig Road currently has four vacant spaces totaling about 15,000 RSF, and 970 Hooper Avenue has two vacant spaces totaling about 13,000 RSF. Current tenants of the Craig Road building include American Financial Network, Integrated Media Solutions, and others. TFE Properties plans to renovate all of the building’s common areas, redesign the new tenant spaces, and update the building façade and exterior. Current tenants of the Hooper Avenue building include CityMD and Fresenius Medical Care. TFE Properties plans to upgrade and renovate the building exterior and façade elements to give them a modern new look.
The growing TFE Properties portfolio includes projects in New Jersey and Philadelphia. The company specializes in buying properties that are well suited for development as well as properties that are underutilized and ripe for added value through renovation and market repositioning. TFE Properties looks forward to announcing a wide array of projects that are currently under development and coming soon.
For press inquiries and more information about TFE Properties and Hotels Unlimited, please contact Julia Coppock at (609) 944-4010 or [email protected].
Prospective tenants and brokers interested in available rental space at 500 Craig Road are invited to contact Eric Starker at (732) 972-2937 or [email protected].
Prospective tenants and brokers interested in available rental space at 970 Hooper Avenue are invited to contact Rachel Zagha at (609) 944-4050 x8632 or [email protected].
About TFE Properties: TFE Properties is based in East Windsor, NJ. Best known for their reputation for 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. For more information, visit www.tfeproperties.com.
About Hotels Unlimited: Hotels Unlimited, Inc., established in 1990, is a division of TFE Properties which now includes 10 hotels in locations throughout New Jersey affiliated with Holiday Inn®, Holiday Inn Express®, Radisson®, DoubleTree®, Hilton Garden Inn®, Days Inn®, Days Hotel®, and Sheraton®. Since 2012, their hotels have won over 52 TripAdvisor Certificates of Excellence, awarded to the top 10% of hotels nationwide. For more information about Hotels Unlimited, please visit www.hotelsunlimited.com.
Central Jersey Class A Office Building sells for $4.3M
NAI DiLeo-Bram arranges 49K-square-foot transaction
By: Jessica Perry
NJ Biz
October 3, 2022 2:54 pm
With a location that boasts accessibility to CentraState Medical Center, Raritan Bay Medical Center and the Monmouth County Courthouse, a Class A office building in Monmouth County sold for $4.3 million.
Woodbridge-based NAI DiLeo-Bram & Co. announced the sale Sept. 29 with Senior Vice President Marc Shein arranging the transaction for the 49,000-square-foot building located at 500 Craig Road in Manalapan to East Windsor-based TFE Properties.
According to the firm, Shein exclusively represented the unnamed seller, whom he also represented in its purchase of the property at 500 Craig Road almost 25 years ago.
“We utilized the TenX commercial real estate auction platform, which enabled us to cast a wider net and reach an expanded investor audience,” said Shein in a statement. “As a result, we successfully procured a buyer through the auction process that allowed us to close within a short period of time. All due diligence was completed in advance of the contract being executed, so once the auction process was completed, it was a firm deal. Our client was extremely pleased with the streamlined nature of the entire transaction.”
Shein noted the property was approximately 60% leased at the time of sale.
Located minutes from Routes 9, 18 and 33, the two-story, elevatored building offers training and conference facilities in addition to lower-level space with additional offices and storage. It also provides four parking spaces per 1,000 square feet and high-end finishes. Recent upgrades include a new façade and all-glass lobby entrance, new HVAC system and LED lighting. NAI DiLeo-Bram said the building was built in 1986.
TFE Properties’ portfolio includes hotels, office buildings and retail properties.
TFE Properties Announces Newly Leased Medical Facilities in East Brunswick and Freehold
East Windsor, New Jersey (July 18, 2022) – TFE Properties, a New Jersey based real estate and land development company, has reached an agreement to lease space – 35,000 square feet to Robert Wood Johnson University Hospital, Inc., and 17,000 square feet to Children’s Specialized Hospital – at Junction Pointe in East Brunswick, NJ. The location will be home to multiple medical practices that are expected to open in the second or third quarter of 2023.
This follows a recent agreement by TFE Properties to lease the former Golden Corral space in Freehold, NJ, to a tenant associated with RWJ Barnabas Health. This Freehold facility features approximately 11,000 square feet and will offer primary care and women’s health services. It is expected to open in the first quarter of 2023.
“We are excited to help bring cutting edge new medical facilities to the East Brunswick and Freehold communities,” says Carey Tajfel, President of TFE Properties. “We expect that these medical offices will thrive in centrally located, high demand areas. Plus, hospital and healthcare tenants are strong long-term tenants, as our communities will always need medical care. This sector is resilient in the face of fads and trends.”
Junction Pointe on Route 18 is at the site of the former East Brunswick Kmart. This new retail center has been expanded to over 230,000 square feet of commercial space in addition to multiple pad sites. Current tenants include CubeSmart Self Storage, Crunch Fitness, The Clothing Center, Investors Bank, and Xfinity.
Other East Brunswick developments in the TFE Properties portfolio include the Cranbury Commons office building and a multi-pad retail site at 260 Route 18 featuring AAA and Dunkin’ Donuts. “East Brunswick Township is a great place to do business,” notes Tajfel. “They work with both developers and tenants, and the town’s commitment to fostering retail and multi-family development is sure to be a boon for business interests and for the community at large.”
The Freehold plaza on Route 9, home of the former Golden Corral, features other tenants including Provident Bank, Jersey Mike’s Subs, Leaders in Learning, and JAG-ONE Physical Therapy. The TFE Properties portfolio in Freehold Township also includes Advance Auto Parts as well as Freehold Crossing, which is currently under development at 3390 Route 9 in Freehold and features over 60,000 square feet of available retail space.
The growing TFE Properties portfolio includes projects in New Jersey and Philadelphia. The company specializes in buying properties that are well suited for development as well as properties that are underutilized and ripe for added value through renovation and market repositioning. TFE Properties looks forward to announcing a wide array of projects that are currently under development and coming soon.
For press inquiries and more information about TFE Properties, please contact Julia Coppock at (609) 944-4010 or [email protected].
Prospective tenants and brokers interested in available retail space at Freehold Crossing are invited to contact Darrin S. Hiban at (908) 501-5303 or [email protected].
About TFE Properties: TFE Properties is based in East Windsor, NJ. Best known for their reputation for 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.
Industry Magazine Power Players Feature: Carey Tajfel
East Windsor, New Jersey (May-June 2022) – For Carey Tajfel, property management is a family affair. He is the current president of TFE Properties and Hotels Unlimited Inc. and go this start in the business through his parents, who owned and managed hotels. In 1990, Tajfel and his brother got involved, helping oversee TFE’s transition from the hotel business to just about every type of property under the sun. Despite the expansion, TFE is still very much a family business. Tajfel’s wife, Francine Tajfel, is the company’s general counsel, and they have several children in the fold as well.
Unlike national companies that focus on build-for-sale projects, TFE focuses on rentals for their own portfolio. This approach allows Tajfel and his team to maintain control over their projects even as they’ve expanded into asset classes outside hotels, such as retail, self-storage, multifamily, and office space. It’s a perfect middle ground that allows TFE to maintain a small business ethos even while managing an ever-expanding range of properties.
“We had to learn as we went,” Tajfel said. “That gave us a very broad foundation. It gives us an edge that we can enter any sector and figure out a way to make a deal work. Or if it’s a deal that requires multiple components, we’re able to bring multiple disciplines to the table.”
CubeSmart East Brunswick Celebrates Grand Opening as Part of Major Redevelopment Project
East Brunswick, New Jersey (12/07/2020) – The new CubeSmart East Brunswick location is now open, to include approximately 1,100 units with 130,000 square feet of storage space. The burgeoning East Brunswick area is currently served by only two other self-storage facilities, so the new site is expected to draw high demand due to its central Route 18 location with access to three roadways and its proximity to new and growing residential and commercial developments.
The new facility, to be professionally managed by CubeSmart, has been developed by TFE Properties as part of their Junction Pointe project at the site of the former East Brunswick Kmart. The new retail center, named for its ideal central location and visibility from multiple major roads, includes the 150,000 square foot original Kmart building as well as multiple pad sites. TFE Properties acquired the White Castle and Investors Bank at the site shortly after their initial purchase of the main building, and they have recently broken ground on a Xfinity Store by Comcast at the location as well.
The front retail space at Junction Pointe will include approximately 85,000 square feet, with 52,000 square feet still available and expected to fill quickly despite timeline shifts caused by the COVID-19 pandemic. A Crunch Gym at the site will be opening either by the end of the year or early in 2021. The site is also home to The Clothing Center, which has been in the community for 30 years and was relocated to a more state-of-the-art store.
“We saw a great opportunity in this East Brunswick property,” says Carey Tajfel, President of TFE Properties. “We specialize in buying underutilized properties and adding value through renovations and market repositioning, and East Brunswick Township is a great place to do business. Exciting things are happening on Route 18 in East Brunswick, including the repositioning of some of the older shopping centers and a commitment by the administration to bolstering retail and multi-family development on the corridor.” He also notes that the town’s excellent schools and strategic location for commuters are sure to be a boon for developers and for the community at large.
Other East Brunswick developments in the TFE Properties portfolio include the Chase Bank on Cranbury Road in the main office corridor, Cranbury Commons office building on Cranbury Road whose tenants include Pediatric Orthopedic Associates and Total Renal Care (DaVita), and a multi-pad retail site at 260 Route 18 featuring tenants such as Dunkin Donuts, AAA, and Army Recruitment Office. Overall, the growing TFE Properties portfolio includes projects throughout New Jersey and in Philadelphia.
For press inquiries and more information about TFE Properties, please contact Julia Coppock at (609) 944-4010 or [email protected].
To rent storage units at the new CubeSmart East Brunswick, please call (732) 387-8205.
Prospective tenants and brokers interested in available retail space at Junction Pointe are invited to contact Darrin S. Hiban at (908) 501-5305 or [email protected] or contact Danielle V. Sobol at (732) 778-1634 or [email protected].
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.
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, NJ. Best known by their reputation for 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.
Urban Style with Suburban Convenience at Newly Completed Luxe Apartments in Woodbridge
Woodbridge, New Jersey (10/20/2020) – The new upscale rental high-rise that has been the buzz of Woodbridge is now complete at 1 Woodbridge Center, right across from Woodbridge Center Mall. Luxe Apartments, featuring sought-after amenities and modern design, is poised to attract the next generation of aspiring residents in the booming Woodbridge area.
Early move-ins started in the spring, and now that the building’s high-end amenity spaces are finished, the remaining units are expected to fill up fast. The new shared amenity spaces include two fully equipped fitness centers plus a yoga studio with spin bikes featuring hundreds of virtual on-demand workouts. For working from home in style, residents have access to a high-tech shared work lounge. For unwinding with friends, we offer a posh club room in addition to a game room with foosball, pinball, and hundreds of arcade games. Even the package room is state-of-the-art with secure storage and virtual notifications.
Luxe is located in a modern mixed-use building, with retail on the ground floor, office space on the second floor, and 117 brand new apartment units on floors three through nine, including upgraded penthouse units on the top two floors. The high-rise setting is unique in an area where low-rise apartment buildings are the norm. This difference has excited potential residents who are drawn to the urban lifestyle and want to enjoy the convenience of eating and shopping at Woodbridge Center Mall, just a stone’s throw away.
“The location is perfect for commuters, and the on-site perks like the club room and fitness on demand are getting a lot of attention,” says Scott Tajfel, Regional Property Manager of TFE Properties, the New Jersey based company that owns and operates Luxe Apartments. Scott is proud to bring a unique and pristine addition to the Woodbridge community, and notes that interest has been high across a range of demographics. The common areas and apartments are brand new from top to bottom, with spacious 1-bedroom and 2-bedroom units ranging from 706 square feet to 1,286 square feet.
What do prospective tenants like about Luxe Apartments? So far, the features that have garnered the most acclaim are the high ceilings and dramatic windows, modern kitchens, full-size in-unit washers and dryers, and keyless FOB entry. Tenants also love the prospect of living within walking distance from Woodbridge Center Mall, including attractions such as Dave & Buster’s and Bahama Breeze restaurant.
Carey Tajfel, President of TFE Properties, describes Luxe Apartments as a gem. When asked why his team thought this development would be a good fit for Woodbridge, he replied: “The growth in Woodbridge has increased demand, bringing a new client with higher standards. We’re proud to meet this demand with a product of superlative quality that’s a perfect fit for a growing segment of the community.”
For tours, prospective tenants are invited to call (609) 901-0447, e-mail [email protected], or visit www.LuxeWoodbridge.com for more information.
About TFE Properties: TFE Properties is a real estate and land development company based in East Windsor, NJ. Best known by their reputation for 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 unveils 117 Apartments at Woodbridge Commercial Property
March 10, 2020 – A developer has unveiled new luxury apartments as part of an adaptive reuse project in Woodbridge, where it has retrofitted the upper levels of a well-known commercial building.
The owner and operator, TFE Properties, has spread 117 units across seven fl oors at 1 WoodbridgeCenter, a building that’s home to the Woodbridge Jewelry Exchange. Located adjacent to theWoodbridge Center mall, the project known as Luxe Apartments is now drawing renters with a mix of upscale one- and two-bedroom layouts and a host of modern amenities.
“The location is perfect for commuters, and the on-site perks like Peloton bikes are getting a lot of attention,” said Scott Tajfel, regional property manager of East Windsor-based TFE Properties. The property is located at the junction of routes 1 and 9, offering quick access to the New Jersey Turnpike, Garden State Parkway, and other highways.
Occupying floors seven through nine, the selection of apartments includes upgraded penthouse units on the top two floors. Amenities include a club room, work lounge, fitness center and yoga studio that also offers virtual on-demand workouts.
The building, which benefits from its proximity to the mall and the Route 1 retail corridor, also features office space in the second floor.
“The growth in Woodbridge has increased demand, bringing a new client with higher standards,” said Carey Tajfel, president of TFE Properties. “We’re proud to meet this demand with a product of superlative quality that’s a perfect fit for a growing segment of the community.”
Launch East Brunswick, Crunch Fitness Among new Businesses Coming to Former Route 18 Kmart Site
By Susan Loyer
Bridgewater Courier News
May 3, 2019
EAST BRUNSWICK, NJ – An indoor trampoline park and family entertainment center and a gym are among the new businesses coming to the former Kmart site on Route 18.
Launch East Brunswick and two other businesses, including Crunch Fitness, will be located in the front portion of the property, according to Carey Tajfel, president of TFE Properties, a real estate and land development company based in East Windsor, which owns the property. They are scheduled to open during the fourth quarter of this year, he said.
Launch East Brunswick will open in a one-story facility that consists of about 40,000 square feet of usable space, said Ashar Nafis of Nutley, who owns the local franchise.
Launch East Brunswick is a Launch Trampoline Park franchise. Launch Trampoline Park is co-owned and co-founded by former New England Patriots football player Ty Law along with Rob Arnold.
According to Nafis, Launch Trampoline Park has franchises in about 22 locations around the country – most located in the Northeast – with about nine additional locations expected to open this year.
Locally, there is a Launch Trampoline Park in Linden, according to the Launch Trampoline Park website.
Launch East Brunswick, which will be open year-round, will feature two main attractions – trampoline courts, which offer a variety of activities with trampolines, and a 12-lane bowling alley, Nafis said.
The park will include laser tag, a children’s soft play area, arcades, virtual reality games, a rope course and an escape room, he said.
Launch is a “family attraction,” with activities for all ages, Nafis said.
“Different things are put together for different age groups,” he said. “If kids want to enjoy time on a trampoline, parents can spend time bowling.”
According to its website, Launch Trampoline Park offers various amenities including trampoline activities such as a slam dunk basketball court, flipping into foam pits and trampoline dodge ball. There’s a Cliffhanger indoor mountain rock wall, which includes a variety of wall difficulties for all skill levels, and a multi-attraction battle pit, where visitors can joust on a battle beam or bosu balls.
There’s also fury laser tag and Ninja course, Nafis said.
Launch East Brunswick also will include about six rooms for birthday parties.
“If a local business want to arrange a holiday party or some other get together or a training session, we’ll have a corporate room available,” Nafis said.
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Typically, the franchises also offer early morning classes on the trampolines for mothers and toddlers, he said.
“I’m more than happy to try different things,” Nafis said. “You have to be open to new ideas and add new features that kids will like and the family will find safe.”
The facility also will feature an in-house cafeteria, which focuses on “healthy meals and healthy snacks,” he said.
Nafis became interested in the family entertainment business about two years ago when he visited an entertainment center owned by a friend in Canada.
“I really liked it,” he said. “Any indoor entertainment is always a center attraction for the town, kids and families. It’s a healthier activity and gives more options to the family in the town. It’s a great way to entertain kids away from iPads and iPhones and that kind of thing and keep them out of trouble. It’s also a good way for families to spend time together. I always thought if I would try to do something, entertainment would be a good thing. ”
Nafis said he began exploring his options and found Launch.
“They are very energetic and open to new ideas,” he said. “What I realized earlier in the process is that just relying on trampolines is not going to be good in the long term. How many times are you going to take kids to one kind of a family entertainment park?”
When the East Brunswick location became available, Nafis jumped at the opportunity.
“I thought this definitely is the place for a family entertainment park,” he said. “The location is great. It’s an area that can easily be accessed. There is also ample parking for visitors.”
The landlord also has been very supportive, he said.
Nafis owns four Launch franchise licenses in the state.
“This is the first one I’m opening,” he said. “I’m hoping to open three more facilities in Central and Northeast New Jersey.”
Crunch Fitness will occupy more than 20,000 square feet, Tajfel said.
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Crunch Fitness has franchised clubs locally in North Brunswick, Somerset section of Franklin, Woodbridge and Green Brook, according to its website.
The other business that will located in the front portion is still to be determined as that space is currently being marketed, Tajfel said.
The Clothing Center will be relocating to a smaller space in the middle of the side of the building, Tajfel said.
The entire rear of the building will be converted into a two-story, self-storage facility, operated by CubeSmart, he said. The facility will feature close to 1,000 storage units.
Developer Unveils new 74-unit Rental Project in Lakewood
By Joshua Burd
Real Estate NJ
February 21, 2019 – TFE Properties has completed the fi rst piece of a new apartment community in Lakewood, a 74-unit complex located between Route 9 and the Garden State Parkway.
The developer announced Wednesday that it has opened the property at 929 New Hampshire Ave.,where move-ins are scheduled for this month. Known as Hampshire Crossing, the community sits offRoute 70 and includes a mix of one- and two-bedroom layouts, placing residents just minutes from the area’s two major highways.
TFE, which is based in East Windsor, said the project was the first phase of its plans for the Lakewood site, although information about the subsequent phases was not immediately available.
“We have received a very positive response so far from future tenants and from the Northern OceanCounty community,” Carey Tajfel, co-president of TFE Properties, said in a prepared statement. “Our pre-leasing period was busy, and we expect to fill all vacancies in the coming months.”
Tajfel also touted the complex’s proximity to the adjacent E-Z Self Storage Lakewood, along with the apartments’ high-end appliances and interiors. Hampshire Crossing also includes amenities such as a modern fitness center.
The pet-friendly community sits between downtown Lakewood, Brick and Toms River, according to a news release. Residents will have access to nearby shopping and entertainment including OceanCounty Mall, Ocean County Park, Woodlake Country Club and Point Pleasant Beach.