MARCUS & MILLICHAP ARRANGES THE SALE OF GATEWAY GOLF & COUNTRY CLUB

by / Tuesday, 17 April 2018 / Published in Golf - News, Press Releases
MARCUS & MILLICHAP ARRANGES THE SALE OF GATEWAY GOLF & COUNTRY CLUB

THE LEISURE INVESTMENT PROPERTIES GROUP OF MARCUS & MILLICHAP ARRANGES THE SALE OF GATEWAY GOLF & COUNTRY CLUB

TAMPA, FL, April 2, 2018 – The Leisure Investment Properties Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the prestigious Gateway Golf & Country Club, located in Fort Myers, FL to The Club at Gateway LLC; this according to Steven Ekovich, First Vice President, National Managing Director and Director of the National Golf Division of the Leisure Investment Properties Group.

The Club at Gateway LLC was formed by prominent local businessman and builder Don Garrett of D. Garrett Construction Inc. The firm has been a fixture of the Naples “ultra-luxury” development landscape since 1981, be it mansions in Port Royal or villas on Moorings Bay. Their country club resume is on equal footing having renovated the clubhouses at Royal Poinciana, The Club at Pelican Bay and The Naples Yacht Club, to name only a few. Former Gateway general manager, Jimmy Lynn, has also partnered with Garrett in this first venture into country club ownership. Garrett and Lynn have a multi-million-dollar renovation plan for the club scheduled to begin as soon as this summer. “We look forward to creating one of the finest clubs in Florida at Gateway” said Garrett.

Steven Ekovich along with Christopher Karamitsos, a Senior Investment Advisor and Co-founder of the Leisure Investment Properties Group had the exclusive listing to market Gateway on behalf of the club’s members. “Gateway is one of the finest private clubs in the Ft. Myers market, with a rich history of providing a superb experience to the members for nearly 30 years”, said Ekovich.
Designed by Tom Fazio and built in 1989, Gateway consists of 18-holes of championship golf a 22,000-plus square-foot clubhouse with formal dining room, fitness center swimming pool and expansive practice facility.

“We feel very privileged to have been chosen to represent the members of Gateway. We ran a national search for the right buyer, procured multiple offers from all over the country but I think we really hit a home run in Don Garrett and Jimmy Lynn, given their vision for the future and experience” said Karamitsos. Gateway Board President, Ron Ziegler stated “One of the most important decisions we had to make was the selection of a broker. Choosing Marcus & Millichap was the first of many good decisions.” Ziegler added “By selling the club to Don Garrett, today we feel as though we are placing the club in good hands for the future.”
For more information regarding the sale of Gateway Golf & Country Club or to learn more about selling or acquiring golf courses please contact Steve Ekovich or Chris Karamitsos (813) 387-4700 or visit www.leisurepropertiesgroup.com

About Leisure Investment Properties Group: Founded in 2009, and formerly known as the National Golf & Resort Properties Group, the Leisure Investment Properties Group has become the renowned industry leader in golf course and marina sales nationwide. The group has sold over 85 golf courses, marinas and other leisure oriented properties since its founding utilizing its powerful platform and proactive marketing techniques. Our management team has over 25 years of experience in arranging the sale of golf courses, marinas and other commercial real estate. For more information please visit: www.leisurepropertiesgroup.com

About Marcus & Millichap (NYSE: MMI) With over 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,000 transactions in 2015 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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