Woodmont Sells Pennington Apartments for $115.75M

Woodmont Properties sold the newly built Pennington Apartments in Pennington, NJ for $115.75-million. The transaction involves a 300-unit luxury apartment community located at 100 Forge Cir. on 23 acres.

Leasing for the Class A property began in 2024 and reached full occupancy by mid-2025. The article describes the asset as offering access to Interstate 295 and being about eight miles from downtown Princeton. The buyer is undisclosed, and the seller’s team included SAGE Real Estate Advisors partners Steve Tragash and Greg Pine.

The community is described as offering a mix of one- and two-bedroom floorplans across three- and four-story buildings.