Golf Division of the Leisure Investment Properties Group Sells Meadows Farm Golf Club
Locust Grove, VA – 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,, has announced the sale of Meadows Farm Golf Club, according to Steven Ekovich, Director of the firm’s National Golf & Resort Properties Group based in Tampa, Florida.
Representing both the seller and buyer, National Golf & Resort Properties Group’s Robert Waldron states, , “The golf course has been historically operated as an adjunct to the Meadows Family nursery business. The Family made the decision to sell the golf course and focus attention on the core businesses of the Meadows Farms brand of Nurseries, Garden Centers and Landscape Services. The Meadows Family has always been committed to maintaining the course in top notch condition and were searching for a new owner with the same commitment and vision.”
The purchaser, Kenneth Dodson, is an active real estate investor in the region and owner of a prominent construction company in the area. Like the Meadow’s family, Dodson, plans to continue the legacy of offering area residents a quality golf course experience at an affordable price. Meadow’s Farm has a reputation for outstanding course conditioning with unique landscaping; including Guinness Book of Records recognized “World’s Longest Golf Hole”. Mr. Waldron states, “As an investment, Meadows Farms will provide Mr. Dodson with an outstanding growth opportunity.”
The National Golf & Resort Properties Group has sold 55 golf courses over the past 44 months; including well-known brands including TPC and Ritz-Carlton, and properties recognized as “Best in State” and “America’s 100 Greatest Golf Courses”. The acquisition of Meadows Farms Golf Club stands tall against any of those in terms of upside investment opportunity.
To obtain more information on this property or other properties, please contact Rob Waldron, National Golf & Resort Properties Group 813-387-4784, 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 55 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