Golf Division of the Leisure Investment Properties Group Sells Lake Chesdin Golfer’s Club
Chesterfield, VA – The National Golf & Resort Properties Group of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Lake Chesdin Golfer’s Club, an 18-hole championship golf course located in Chesterfield, VA just outside Richmond, according to Steven Ekovich, Managing Director of the firm’s National Golf & Resort Properties Group based in Tampa, Florida.
Chris Karamitsos and Steve Ekovich, the lead agents on the asset sale, represented the seller, ClubLink, a multi-course owner/operator in Canada and the U.S., in the sale to Meadowbrook Country Club, of Richmond, VA. Karamitsos also represented the buyer and said that “after an exhaustive international search for the right purchaser for this club, it was determined that Meadowbrook would be the best fit for the seller, the club, and the community. This transaction was particularly difficult partly due to the facility being on leased land.
Lake Chesdin Golfer’s Club is the centerpiece amenity to Chesdin Landing, a large-scale residential golf development located on 3,100 acres approximately 30 minutes southwest of Richmond. Designed by Arthur Hill, the 6,800-yard parkland-style course operates from a 20,000 square foot low-country Georgian frame clubhouse, reminiscent of a thoroughbred track pavilion, which includes a fully stocked pro shop, fitness center, fine and casual dining, and locker rooms.
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.
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