TPC Jasna Polana Golf Club at 4519 Province Line Road in Princeton — Courtesy: Cushman & Wakefield
By Joshua Burd
The estate of a well-known family has sold a 222-acre golf course and clubhouse property near Princeton University, in a newly announced deal by Cushman & Wakefield.
Brokers with the firm represented the Piasecka Johnson Estate in the transaction at 4519 Province Line Road, the site of what’s known as TPC Jasna Polana Golf Club. Concert Golf Partners, a national operator and investment firm, paid an undisclosed sum for the private 18-hole course and mansion.
Cushman’s Matt Davis, Andy Merin, Gary Gabriel, David Bernhaut, Ryan Dowd and Jean-Pierre Hohl represented the seller and procured the buyer.
“With its rich history and status as a community staple in Princeton, the Jasna Polana Golf Club garnered significant interest, an exceptional 20 offers, despite current capital market conditions,” Merin said. “We conducted a thorough sales process that resulted in a strong response from a variety of investors, reflecting the unique value and appeal of this property.
“Our team is well equipped to manage the sale of specialty assets, as this marks the fifth golf course our local capital markets team has successfully sold in recent years, in addition to the more than a dozen sales by our wider specialty team across the country, underscoring our capability and dedication to delivering exceptional results for our clients.”
Jasna Polana, a Polish phrase generally translating to “Bright Meadow,” includes a 46,000-square-foot clubhouse designed by Wallace Harrison and a course designed by Gary Player, according to a news release. Concert Golf Partners noted that the nearly 50-year-old structure originally served as a home to Barbara Piasecka Johnson and J. Seward Johnson Sr., a Johnson & Johnson heir, and was designed to accommodate the famed Piasecka-Johnson art collection.
C&W, meantime, said the clubhouse features a travertine room, dining facilities, an oak room, a wine cellar and locker rooms, along with a 2,500-square-foot, one-bedroom suite on the upper level. The property has also on-site pro shops, a gated entrance with a fountain, an outdoor patio, a tennis court, event space and a garden with a reflecting pool, as well as a practice putting green, a driving range, a short-game practice area, private parking and two private lodges with 16 bedrooms for overnight accommodations.
“Jasna Polana boasts an immense history, from its ties to the Piasecka Johnson family to its role in professional golf as a past host of the PGA Tour Champions and the classic Wonderful World of Golf match between Tom Watson and Hal Sutton,” said Jordan Peace, senior vice president of corporate development at Concert Golf. “We are extremely selective about the clubs we add to our portfolio, and we are honored to be the new stewards of this world class club. Our mission is to preserve and enhance great private clubs, while honoring their culture and traditions in new and exciting ways.”
