May 16, 2020
Princeton Property Partners Negotiates the Purchase of a 32,000 sf School Facility for Newgrange and Laurel Schools in Hopewell, NJ
Princeton Property Partners (PPP) has advised client Newgrange and Laurel Schools in the purchase of a 32,000 square foot building at 800 North Road in Hopewell, NJ. PPP worked with the Schools’ legal team to obtain a variance to use the property as a school. Then, during Covid, PPP managed a significant reconstruction of the building to convert the former daycare facility into classrooms that match the needs of the Schools.
“School conversions are always a challenge because most existing properties/ buildings are not suited to the use and configuration needs of the client” said PPP’s CEO Aubrey Haines. “In this case we had a building with great bones and we were able to utilize almost all of the critical infrastructure.”
About Princeton Property Partners:
Princeton Property Partners (PPP) is a vertically integrated, Princeton-focused commercial real estate family of companies. Established in 2001, the firm is led by partners Aubrey Haines, Sab Russo and Spencer Page. Service lines include Development & Investment, Commercial Brokerage, Consulting, Advisory Services and Property & Construction Management. PPP consistently ranks as one of the top development firms in Princeton. Its commercial brokerage operation is also #1 or #2 in the market based on transaction value and square footage leased/sold. The firm has over 500,000 sf under management, making PPP one of the largest third-party property managers in the Princeton Market.
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