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.