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.