Monroe Crossing at Route 33 and Applegarth Road in Monroe — Courtesy: TFE Properties
By Joshua Burd
Monroe Township has welcomed its first Starbucks with the opening of a new drive-thru location late last year, according to the property’s landlord and its brokerage team.
Located near the intersection of Route 33 and Applegarth Road, part of the mixed-use Monroe Crossing development, the coffee chain occupies the endcap of a newly constructed retail building. TFE Properties, its developer, along with Pierson Commercial noted that the strip center spans 11,000 square feet, with roughly 6,188 square feet remaining available for lease.
“We are extremely excited about this addition to Monroe Crossing,” said Carey Tajfel, president of TFE Properties. “We believe residents and commuters alike will enjoy this Starbucks location. Exciting things are happening on Route 33 in Monroe and surrounding areas, including the construction of new retail centers, multifamily residences and warehouse development.”
Monroe Crossing’s retail component includes three additional pad sites, consisting of an operating Kiddie Academy childcare facility, a future quick-service restaurant with a signed lease and one remaining available parcel, according to a news release. Both TFE and Pierson, which represents ownership, say they expect the new Starbucks and neighboring businesses to attract consistent, strong foot traffic due to the development’s location along Route 33 and easy access to other major roadways, including the New Jersey Turnpike.
Monroe Crossing is also near other new residential and commercial developments.
“The long-anticipated Route 33 transformation is underway taking advantage of its heavy vehicular traffic and large surrounding residential and warehousing projects, with future retail development to follow,” said Gregg Medvin, an executive vice president with Pierson Commercial. “Monroe has strong income levels and continues to grow exponentially, yet the community is underserviced with shopping options. We are fortunate to help reshape the retail landscape and work on this prominent Monroe Crossing project.”
