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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…
$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…
