$1B Netflix Studio Sparks Plans To Transform Route 35 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…
