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Metrix/ Penwood Joint Venture closes sale of 31-acre site in Lawrenceville, New Jersey


LAWRENCEVILLE, NJ – Metrix Real Estate Services and Penwood Real Estate Investment Management, LLC (Penwood) have closed on the purchase of 31 acres located at 10 Princess Rd., Lawrenceville. Brokers-Simone Realty represented the seller, Capital Health Systems and Transwestern of New Jersey represented the purchaser. The purchaser, is a joint venture between Princeton, NJ based Metrix Real Estate Services, LLC whose principal is Michael Nachamkin and an institutional fund managed by West Hartford, CT based Penwood Real Estate Investment Management, LLC.

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