Concert Golf Partners has acquired TPC Jasna Polana, a historic private, Gary Player-designed golf club near Princeton, New Jersey.
The 222-acre club and mansion opened in 1998 and is currently a licensed and operated property of the TPC Network, which is operated by the PGA Tour. TPC Jasna Polana features an 18-hole golf course designed by World Golf Hall of Fame member Gary Player.
Jasna Polana is considered “one of the most coveted private club memberships” and “among the top private golf courses in New Jersey,” according to Golfing Magazine. Gary Player reportedly described Jasna Polana as “the finest course of its type” in the world.
Based near Orlando, FL, Concert Golf Partners was selected from a pool of 20 bidders by the Piasecka Johnson Family for its vision and mission to preserve and enhance the country club.
Jasna Polana joins Concert Golf as the 34th Club in its portfolio, aligning with a portfolio of facilities, including The Club at Pasadera (Monterey, CA), Gaillardia Country Club (Oklahoma City), The Club at Longview (Charlotte, NC), and The Club at Renaissance (Fort Myers, FL).
The 46,000-square-foot clubhouse was built in 1975 as a private residence for Barbara Piasecka Johnson and J. Seward Johnson, Sr., a Johnson & Johnson heir. Architect Wallace Harrison designed the mansion. He also designed the Rockefeller Center, the Lincoln Center, and the United Nations Headquarters—the mansion’s design was also crafted to hold the Piasecka-Johnson art collection. Following construction, it was one of America’s most expensive private residences. The estate became a private club in 1998.
“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,” said José Feliciano, co-founder and managing partner of Clearlake Capital, a member of Concert Golf’s Board of Directors, and a Princeton University alumni.
In 2020, Feliciano, with his wife Kwanza Jones, gifted $20 million to nearby Princeton University to build two dormitory buildings, contributing to the University’s efforts in increasing the undergraduate student body by about 10 percent. “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,” said Feliciano.
The Piasecka Johnson heirs conducted a worldwide search for a new steward of Jasna Polana over the past decade with the help of Cushman & Wakefield before selecting Concert Golf to preserve the Club.
“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,” said Christopher Piasecki, president of Jasna Polana Golf Club. “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.”
After J. Seward Johnson passed away, Piasecka Johnson converted Jasna Polana into an exclusive private golf club, retained the PGA Tour’s TPC Network to manage the facility and hired nine-time major champion Gary Player to design the 7,100-yard golf course in 1998.
The course boasts a 75.0 rating and a slope of 145. The Club offers a 3.5-acre practice facility featuring a 60,000-square-foot practice tee, four putting greens and practice bunkers.
Today, the property also includes event spaces, a tennis court, gardens featuring a reflecting pool, and two private lodges with 16 bedrooms for overnight accommodations. More than 100 works of rare art will remain on the property.
Concert Golf plans to invest $3 million in amenities at Jasna Polana to enhance and complement the existing infrastructure clubhouse, and golf course.
“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 VP 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.”
“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,“ said Andy Merin, Cushman & Wakefield executive 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.”
Images courtesy Jasna Polana
