August 12, 2020
Mercer Oak Realty represents Newgrange in purchase of 31,500 sf facility
Princeton, NJ – Mercer Oak Realty, a leader in Princeton Area Commercial Real Estate, represented The Newgrange School in the purchase of a 31,500 sf building. Mercer Oak’s affiliate, Princeton Property Management, is managing the reconstruction of the new facility at 800 North Road in Hopewell, NJ.
The 31,500 sf at 800 North Road gives Newgrange, The Laurel School and the Anne Robinowitz Education Center space to expand their operations. The new facility offers students and faculty an excellent place to teach and learn.
Aubrey Haines, Mercer Oak’s CEO said: “The Newgrange Family of Schools has a tremendous leader in CEO Tim Viands. He had a vision for the new facility and never wavered from that goal. Tim and our legal folks, Fritz Cammerzell and Ryan Kennedy, were able to successfully get this property approved for the School’s use and the transaction closed in the most challenging environment in decades.”
Newgrange’s Head and CEO, Tim Viands, said: “Mercer Oak was a key member of our team to help Newgrange and Laurel School acquire this new home, which will be a state-of-the-art facility for our students and faculty. A special thanks to Aubrey Haines and his team for both brokerage but also construction management services provided by their affiliate company Princeton Property Management”.
Newgrange purchased the property from CF Hopewell, CC&L LLC. Mercer Oak cooperated with seller’s brokers, Todd Elfand and Kevin Carton of Cushman & Wakefield.
About Mercer Oak Realty, LLC:
Mercer Oak Realty is part of a vertically integrated, Princeton-focused commercial real estate services family of companies. Established in 2001, the firm is led by partners Aubrey Haines, Sab Russo and Spencer Page. Service lines include Commercial Brokerage, Consulting, Development/Advisory Services and Property & Construction Management. Mercer Oak consistently ranks as one of the top firms in Princeton based on transaction value and square footage leased/sold. Through Princeton Property Management, MOR’s affiliate, the firm has over 500,000 sf under management making PPM one of the largest third-party property managers in the Princeton Market.
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