800 North Road in Hopewell — Courtesy: Cushman & Wakefield
By Joshua Burd
A special education school is set to expand in Mercer County after acquiring a former day care center property in Hopewell.
The operator, the Newgrange School of Princeton, purchased the 31,519-square-foot building at 800 North Road under a transaction arranged by Cushman & Wakefield. Its new acquisition is a single-story, brick and glass property on the Princeton Place at Hopewell site along Interstate 95, which is home to Bank of America Merrill Lynch, Horizon Blue Cross Blue Shield of New Jersey, Bank of New York Mellon and others.
Terms were not disclosed.
“This site provides a unique opportunity for the Newgrange School of Princeton,” C&W’s Todd Elfand said. “The property is a fantastic fit for the school’s needs and the optimal location will offer more accessibility to current and future students.”
Elfand and Kevin Carton, along with the firm’s New Jersey’s capital markets team, represented CF Hopewell CC&L LLC in the sale. Mercer Oak Realty LLC represented the buyer, which plans to expand and create a new learning environment for students.
Built in 2001, 800 North Road is eight miles from Princeton University, C&W said. The building was developed for certification on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale and includes 112 parking spaces.
