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.