Live performance Golfing Companions Provides Esteemed Jasna Polana to their Portfolio of Premier Golfing Golf equipment

Thursday, July 11, 2024

Studying Past: 4 mins

Live performance Golfing Companions has got TPC Jasna Polana, a ancient and upscale non-public golfing membership positioned close Princeton College. Referred to as “Jasna Polana,” which interprets from Polish to “bright meadow,” this 222-acre component includes a prestigious mansion and an 18-hole golfing path designed through Global Golfing Corridor of Repute member Gary Participant. Opened in 1998, the membership is a certified and operated component of the TPC Community through the PGA TOUR and is well known as certainly one of Fresh Jersey’s lead non-public golfing classes. Gary Participant himself has described Jasna Polana as “the finest course of its type” on the earth.

Live performance Golfing Companions, headquartered close Orlando, is famend for obtaining the most efficient golf equipment in the US and adorning the member enjoy via steady reinvestment and top rate provider. The Piasecka Johnson Society decided on Live performance Golfing from a aggressive puddle of 20 bidders for its visual and loyalty to conserving and raising the esteemed nation membership.

With the addition of Jasna Polana, Live performance Golfing now boasts a portfolio of 34 prestigious golf equipment, together with The Membership at Pasadera in Monterey, California; Gaillardia Nation Membership in Oklahoma Town; The Membership at Longview in Charlotte; and The Membership at Renaissance in Castle Myers, Florida.

Jasna Polana’s 46,000 sq. toes. The clubhouse, in the beginning built in 1975 as a non-public place of dwelling for Barbara Piasecka Johnson and J. Seward Johnson Sr., a Johnson & Johnson inheritor, Seward Johnson Sr., a Johnson & Johnson inheritor, is a superb legacy component. Designed through famend architect Wallace Harrison, identified for his paintings on Rockefeller Middle, Lincoln Middle, and the United International locations Headquarters, the mansion used to be in the beginning constructed to accommodate the Piasecka-Johnson artwork assortment and used to be certainly one of The us’s most costly non-public apartments on the occasion.

Since turning into a non-public membership in 1998, Jasna Polana has attracted Fortune 500 corporate leaders and captains of business, due to its super status and exclusivity. Now underneath the possession of Live performance Golfing Companions, Jasna Polana is ready to proceed its legacy as probably the most premier non-public golfing golf equipment in the US.

“Jasna Polana will be an exceptional addition to Concert Golf Partners as the company continues to elevate its portfolio of premier, private golf clubs, and provides a unique opportunity to foster the progress and prosperity of the Princeton community,” mentioned José Feliciano, Co-Founder and Managing Spouse of Clearlake Capital, a member of Live performance Golfing’s Board of Administrators, and a eminent Princeton College alum.

In 2020, Feliciano, along with his spouse Kwanza Jones, proficient $20 million to within reach Princeton College to manufacture two dormitory constructions, contributing to the College’s efforts in expanding the undergraduate pupil frame through about 10 p.c. “We are humbled to invest in a Club with such a rich history, situated within a community that has profoundly shaped my life. We look forward to contributing to the continued legacy and growth of the club, and the vibrant community it supports,” mentioned Feliciano.

The Piasecka Johnson heirs, with the backup of Cushman & Wakefield, carried out an international seek over the day decade to discover a pristine steward for Jasna Polana. It changed into perceivable that Live performance Golfing used to be the best option to saving the Membership’s legacy.

“We sought a new owner who would not only maintain the Club but also elevate it for our members. Concert Golf clearly demonstrated a strong commitment to preserving the storied traditions and history of Jasna Polana,” mentioned Christopher Piasecki, President of Jasna Polana Golfing Membership. “Their vision aligns with our dedication to providing an exceptional experience for our members, ensuring that Jasna Polana continues its legacy, and to thrive for generations to come.”

Following the passing of J. Seward Johnson, Barbara Piasecka Johnson reimagined Jasna Polana as an unique non-public golfing membership. She introduced within the PGA TOUR’s TPC Community to govern the ability and enlisted nine-time primary champion Gary Participant to design the 7,100-yard golfing path, which opened in 1998. The path, famend for its difficult play games, boasts a score of 75.0 and a slope of 145.

Along with the championship path, Jasna Polana includes a 3.5-acre observe facility, entire with a 60,000 sq. toes. observe tee, 4 hanging vegetables, and more than one observe bunkers. The component additionally contains quite a lot of sumptuous facilities comparable to match areas, a tennis courtroom, superbly manicured farmlands with a reflecting puddle, and two non-public motels providing 16 bedrooms for in a single day lodging.

Greater than 100 items of uncommon advantageous artwork will stay on-site, improving the membership’s cultural atmosphere. Live performance Golfing Companions plans to take a position $3 million into Jasna Polana to additional fortify the present infrastructure, clubhouse, and golfing path, making sure it extra a premier vacation spot for contributors.

“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,” mentioned Jordan Holiday, Senior VP of Company Construction at Live performance Golfing. “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.”

“With its rich history and status as a community staple in Princeton, Jasna Polana garnered significant interest, an exceptional 20 offers, despite current capital market conditions,” mentioned Andy Merin, Cushman & Wakefield Government Vice Chairman. “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.”

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