TFE sells Fair Lawn shopping center 1 year after acquisition

TFE sells 93,000 sq. ft. Fair Lawn shopping center after value-add upgrades, JLL says – Real Estate NJ

River Road Shopping Center at 17-17 to 17-70 River Road in Fair Lawn — Courtesy: JLL By Joshua Burd TFE Properties has sold a nearly 93,000-square-foot shopping center with redevelopment potential in Fair Lawn, inking the deal less than a year after acquiring the property. Brokers with JLL represented the seller in the transaction at 17-17 to 17-70 River Road, the site of the three-building River Road Shopping Center. They noted that TFE updated…

TFE sells Fair Lawn shopping center 1 year after acquisition

JLL Capital Markets advised seller TFE Properties in the disposition of River Road Shopping Center in Fair Lawn. The full-service global provider of capital solutions for real estate investors and occupiers announced the transaction July 15. The buyer was not disclosed. According to a person familiar with the matter, the property sold for $14 million. Last August, East Windsor-based TFE acquired the 92,523-square-foot neighborhood shopping cente…