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.