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$1B Netflix Studio Sparks Plans To Transform Jersey Shore Plaza
A long-struggling Jersey Shore shopping plaza is getting a second chance.
TFE Properties, LLC has acquired Orchard Plaza, a 10-acre retail center on Route 35 South in Oakhurst, the company announced.
The plaza, which first opened in 1980 as a booming retail hub, has faced growing vacancies over the years. Now, the East Windsor–based developer is planning a full-scale revival.
“Monmouth County is an ever-growing destination for residents, vacationers, commuters, and businesses,” said Carey Tajfel, the president of TFE Properties. “And with the new Netflix production facility coming to the f…
6.5-Acre Fair Lawn Shopping Center Anchored By Vacant ShopRite Sells For $14M
A large shopping center in Fair Lawn has been sold again, just under a year after it last changed hands, real estate officials said.
The River Road Shopping Center, located at 17-17 to 17-70 River Road, was sold by TFE Properties, JLL Capital Markets announced Tuesday, July 15. The property sold for $14 million.
The 6.45-acre property includes 92,523 square feet of retail space across three buildings. Tenants include Sherwin-Williams and Walgreens, as well as a vacant former ShopRite with covered parking, officials said.
JLL said the site has redevelopment potential, calling it a “value-ad…
$85M Sale Of North Jersey Luxury Apartments Finalized
A sprawling luxury apartment community in Morris Plains just sold for a whopping $85 million, officials with CBRE announced on Friday, July 11.
The buyer, whose name has not been released, purchased Signature Place, a 197-unit Class A complex featuring high-end finishes and resort-style amenities, from Veris Residential, a New Jersey-based real estate investment trust.
Built in 2018, Signature Place offers apartments averaging more than 1,000 square feet and is loaded with perks: a pool, yoga studio, golf simulator, movie theater, conference rooms, pet spa, and a clubroom with game tables a…
Iconic Warehouse With Giant Route 80 Sign Hits Market For $13M
The Padded Wagon building, a recognizable industrial site with a giant sign towering over Route 80 in Paterson, is officially for sale.
The historic complex at 61 State St., known formally as Reinhardt Mills, hit the market with a $13 million asking price, according to listing broker Homer De Leon of The Marmarou Team.
The 131,000-square-foot property, owned and occupied by national moving and storage company The Padded Wagon, sits in a prime location with high visibility from the highway. The business is preparing to vacate the site, De Leon said.
But beyond its size and visibility, the b…
