October 18, 2022
Tulfra Real Estate and The Hampshire Companies Hold Ribbon-Cutting Event for Starbucks at Park 11 in Belleville
Starbucks joins growing tenant list alongside Wawa, Extra Space Storage
BELLEVILLE, N.J., October 18, 2022 – Tulfra Real Estate and The Hampshire Companies recently held a ribbon-cutting ceremony to welcome Starbucks as the newest tenant at Park 11 in Belleville, New Jersey.
Held on October 4, the event featured prominent local government dignitaries and representatives from Tulfra Real Estate and Starbucks. Present at the event were Sonny Jumani, president and CEO of Tulfra Real Estate; Belleville mayor Michael Melham; Belleville deputy mayor Thomas Graziano; Councilman Vincent Cozzarelli; Starbucks district manager Mark Frank; Lizanne Kile, and several other Belleville council members.
“The opening of the Starbucks at Park 11 furthers our vision for transforming this formerly underutilized space in Belleville into an active site that benefits the community,” said Sonny Jumani, President and CEO of Tulfra Real Estate. “The new Starbucks is an excellent addition to Park 11, in a highly visible location, next to a busy intersection and swaths of residential blocks.”
Starbucks is among several retailers with long-term leases at the Park 11 location. In late 2018, Wawa signed a two-acre ground lease on the property, opening a gas station and convenience store there in 2020. Extra Space Storage also signed a 75-year ground lease, operating a 110,000-square-foot, 807-unit, four-story space at Park 11.
Park 11 is a joint venture between Tulfra Real Estate, which is the redeveloper for Belleville Township, and The Hampshire Companies. In 2015, the longtime partners acquired the then-vacant former site of Roche Diagnostics and got to work transforming it into a master-planned community hub.
Located at the intersection of Franklin Ave. and Mill St., Park 11 lies right in the heart of one of New Jersey’s most populous residential centers. The location, which is adjacent to the Clara Maass Medical Center, is a short distance from Routes 3, 17, and 21, the New Jersey Turnpike, and the Garden State Parkway. Site work on Park 11 was completed in 2020.
Park 11 ownership is actively marketing retail pads of various sizes. To learn more, visit www.park11nj.com or call (201) 587-9797.
About Tulfra Real Estate
Tulfra Real Estate, a Rochelle Park, New Jersey-based real estate and development company, has evolved into a major redeveloper for municipalities and corporations throughout New Jersey. Independently and with its institutional partners, Tulfra has owned or developed more than $1 billion in commercial and industrial properties in northern and central New Jersey over four decades. Tulfra has become a leader in helping communities and businesses maximize the development and income potential of their properties. Tulfra works with municipalities to transform underutilized or nonperforming assets into successful projects in all asset classes including commercial, hotels, healthcare and residential that bring jobs and tax revenue to the community.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm with assets valued at more than $2.3 billion based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at www.hampshire.com