News
December 16, 2022
Princeton Property Partners Negotiates the Sale of a 70 acre Parcel of Farmland in Upper Pittsgrove, NJ
Princeton Property Partners (PPP) has advised client GALA Farms (GALA) in the sale of a 70 acre parcel of farmland in Upper Pittsgrove, NJ (near the town of Elmer). Formerly a peach orchard, the land will be cleared for the new owner to farm ground crops. “PPP has been our broker for decades. They understand what we need to achieve and have consistently delivered” says GALA Partner Charles Haines. “We achieved our pricing target and it was a very smooth transaction” added Partner Tom Dunn. “Over the years, PPP has helped us purchase land as well as selling it. Every generation we need to roll over into fresh peach ground to maintain our highly productive orchards.”
GALA and its affiliate Larchmont Farms have been farming in New Jersey since the 1680’s. The combined operation is one of the largest agricultural businesses in the State and consistently produce 50% of the peach/ nectarine crop in New Jersey.
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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