PENNINGTON, NJ [April 15, 2026] – The luxury multifamily landscape in Central New Jersey continues to show remarkable strength with the recent acquisition of One Hundred Forge (formerly Woodmont Forge) by an unnamed buyer, a leading owner and operator with a national multifamily portfolio. The $115.75M* sale of the 300-unit community represents a significant benchmark for the Hopewell Valley submarket, according to SAGE Real Estate Advisors (SAGE) based in Livingston, NJ.
Leasing of the Class A, newly constructed property was launched in 2024 and reached full occupancy by mid-2025. SAGE confirmed they represented Woodmont Properties, the original developer and seller, and procured the buyer.
A Modern Vision of Suburban Luxury
Located on 23 acres at 100 Forge Circle, the community offers seamless access to Interstate 295 and is situated just eight miles from downtown Princeton. The property features a mix of one- and two-bedroom floorplans across three- and four-story buildings.
The units, ranging from 816 to 1,357 square feet, are designed with a focus on modern aesthetics and functionality. Features include 9-foot ceilings and oversized windows providing abundant natural light; chef-inspired kitchens and bathrooms featuring walk-in showers and soaking tubs; in-unit washers and dryers and keyless entry systems.
Developed to provide a “live-work-play” environment, boasting a comprehensive amenity package that includes a swimming pool with sundeck, state-of-the-art fitness center, theater room and resident lounge with conference and event spaces. The pet-friendly grounds also feature walking paths, a garden, outdoor terraces and EV charging stations.
Last year, SAGE also arranged the $42.95M sale of Woodmont Liberty Apartments in Independence Township, NJ on behalf of Woodmont Properties. In the transaction, Tragash and Pine exclusively also procured the unnamed buyer, a long-time client.
*A previous publication listed the sale price as $115.9M in error
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About SAGE Investment Real Estate Advisors
SAGE Investment Real Estate Advisors is a premier brokerage firm specializing in the multifamily sector. By combining deep local market intelligence with sophisticated execution, SAGE provides private and institutional clients with a 360-degree approach to acquisitions, dispositions, and strategic investment advisory.