304 Princeton Hightstown Road in East Windsor — Courtesy: TFE Properties
By Joshua Burd
TFE Properties has expanded its holdings in its hometown of East Windsor, acquiring a 7,000-square-foot former bank building on a key corridor in the township.
According to a news release, the property at 304 Princeton Hightstown Road was home to Fulton Bank and sits on 4.55 acres at a signalized intersection. TFE purchased the building for an undisclosed price, touting its location roughly a mile and a half from Route 130 and near national retailers such as Target, Burlington, CVS, Aldi and others.
JLL’s Craig Parcells represented the unidentified seller and the buyer, a TFE affiliate.
“We are very familiar with East Windsor and the surrounding areas as it’s home to the corporate offices of TFE Properties and our sister company, Hotels Unlimited,” said Carey Tajfel, TFE’s president. “It’s a wonderful town with strong demographics in a rapidly growing area, which is why we anticipate significant interest in this building.”
The firm noted that the site’s future occupant will serve a population of about 93,000 with an average household income of more than $125,000 within a 5-mile radius. More than 36,000 vehicles pass the intersection daily.
