TFE Properties acquires The Shops at Brick in PA

Brick Township, NJ — TFE Properties announced the purchase of The Shops at Brick, a 103,832 s/f shopping center in Brick. The plaza includes Bonefish Grill and McDonalds as anchor tenants with several spaces available for lease, including anchor and junior anchor space opportunities.

Located between Rte. 70 and Van Zile Rd., The Shops at Brick offer an abundance of on-site parking, excellent visibility and access, and is located within walking distance to 4,000 people. “We’re excited about this addition to our portfolio,” said Carey Tajfel, president of TFE Properties. “The Shops at Brick is in the heart of Brick Twp., a strong community with high income levels and great demographics. We also plan to renovate the façade to give it a fresh clean, modern appearance to help the center reach its full potential and align with our high company standards. That, combined with its prime location off two major roadways while being within walking distance for many people will be important factors for future tenants.”

This is TFE Properties’ fifth property they have added to their expansive portfolio in Brick. “There’s a reason we keep coming back to Brick,” Tajfel said. “It’s a town that is continuously growing and evolving. It’s exciting to be a part of.”

Other Brick developments include Starbucks, Fortunoff Plaza, Boulevard at Brick apartment community, all along Brick Boulevard, and a medical/professional office building off along Chambers Bridge Rd.

The Shops at Brick is located 3.5 miles from Exit 88 off the Garden State Parkway, and it offers easy access from Rte. 70 (40,000 VPD) and Van Zile Rd. (23,000 VPD).

Kevin O’Hearn and Joseph Lopresti of JLL Capital Markets represented the seller and buyer, an affiliate of TFE Properties.