$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…
$85M Sale Of Morris Plains 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 Paterson 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…
Reddit-Fueled Curiosity Lands Duo In Hot Water After Trespass at Former Vonage HQ: Cops
A late-night adventure turned into a brush with the law for two young explorers caught trespassing at the former Vonage headquarters in Holmdel, apparently all because of a Reddit post.
Alexis L. Prager, 22, of Holmdel, and Aaron M. Olmeda, 21, of Point Pleasant, were charged with defiant trespass after police found them on the abandoned property at 23 Main St. around 2:19 a.m. on Dec. 4, 2024, according to Holmdel Township police paperwork.
The duo's misadventure, which was first reported by Transparency Bodycam, unraveled when Patrolman Robert Lambe spotted Olmeda’s empty 2008 Honda Accor…
