East Windsor, New Jersey (Wednesday, August 22, 2024) – TFE Properties, LLC, announces the purchase of three buildings located at the center in Fair Lawn, New Jersey. The three buildings located at the center include Walgreens (18,825 SF), a multi-tenant retail building, (18,900 SF), and a former ShopRite building (54,800 SF), all of which sit on 6.31 acres.
JLL Capital Markets represented the seller, Bon-Marc Realty Co., as advised by Real Estate Asset Management, and also procured the buyer, TFE Properties.
This prime retail site, located in Fair Lawn’s main retail corridor, offers an abundance of on-site parking, excellent visibility and access, and is conveniently located near the walkable downtown area. “This is our first property in Bergen County,” explains Carey Tajfel, President of TFE Properties. “Fair Lawn is a community with strong income levels and great demographics. We’re excited to expand our portfolio in this established neighborhood.”
TFE Properties has an impeccable track record of taking distressed, tired properties and repositioning and turning them around to serve the community. “We plan to upgrade the façade of the multi-tenant building and former ShopRite to give the center a fresh, clean, modern appearance,” Tajfel continued. “The former ShopRite is only 25 years old and is in excellent condition. It’s a great location for another grocer or medical office space.”
The property is in North-East New Jersey near Interstate 80 and Garden State Parkway and offers easy access to New York City. Available spaces range from 1,100 SF to 54,800. For leasing information, contact TFE Properties at (609) 944-4050 or [email protected].
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.