Golf Division of Leisure Investment Properties Group Sells the Golf Club of Dublin
Dublin, OH – The National Golf & Resort Properties Group of Marcus & Millichap Real Estate Investment Services (NYSE: MMI), the nation’s largest real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the Golf Club of Dublin, an 18-hole Hurdzan/Fry championship golf course located in Dublin, Ohio.
Steven Ekovich, Vice President and Managing Director of National Golf & Resort Properties Group (NG&RPG) was lead agent on the asset sale, representing the seller; working in tandem with NG&RPG’s Christopher Karamitsos, PGA and Senior Investment Advisor representing the buyer.
Ekovich stated, “We had a significant amount of interest in the Golf Course of Dublin, as in this market, a Parkland Course distinguishes itself with classic Scottish Links design.” Karamitsos continues, “The buyers, New Era Golf, possessing a significant golf course portfolio in Ohio, were the perfect candidates for this asset. Their plans are to cross-market and offer unique membership opportunities. In addition to membership cross-marketing, New Era Golf offers the vision and expertise to return the Golf Club of Dublin to one of the premier daily fee courses in the State of Ohio”.
The Golf Club of Dublin offers the only true links golf experience in the Midwest and features fescue turf, stacked stone walls, over 70 hand stacked sod face bunkers and water detention areas on just about every hole. The greens are enormous, square shaped and very fast. Additionally, the Club is the centerpiece of the Ballantrae neighborhood, a 640 acre residential community. Its Tudor-style clubhouse and course design set the tone for the Scottish theme offering unique banquet and event facilities, in addition to a traditional bar and grill.
For more information regarding the sale of the Golf Club of Dublin or to learn more about selling or acquiring golf courses nationwide please contact Steven Ekovich at 813.387.4791 or visit www.nationalgolfgroup.com.
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About National Golf & Resort Properties Group: Founded in 2009, National Golf & Resort Properties Group has become the renowned industry leader in golf course sales nationwide. The group has sold 50 courses, within the last few years, as well as underwritten $1 billion in golf assets. The National Golf & Resort Properties Group successes are unprecedented in the golf course industry. Our management team has over 25 years’ experience in both golf and commercial real estate and 20 years PGA professional management experience. For more information please visit: www.nationalgolfgroup.com.
About Marcus & Millichap (NYSE: MMI)
With over 1,300 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 6,600 transactions in 2013 with a value of approximately $24 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