MORRISTOWN, N.J., July 15, 2025 - JLL Capital Markets announced the successful advisory role it played for TFE Properties in the sale of the River Road Shopping Center in Fair Lawn, New Jersey. Originally built in 1962, this 92,523-square-foot retail center, featuring tenants like Sherwin Williams and Walgreens, was sold as a value-add investment with redevelopment potential. The property, strategically located with access to major highways, includes a vacant grocery store with covered parking. This transaction marks a swift execution of TFE Properties' value-add strategy, completed in less than a year since their acquisition, highlighting the strong user demand and lack of retail development in the region.
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