Golf Division of the Leisure Investment Properties Group Sells Quail Crossing Golf Club

by / Tuesday, 10 June 2014 / Published in Company News, Golf

Louisville, KY – 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 Quail Crossing Golf Club, according to Steven Ekovich, Director of the firm’s National Golf & Resort Properties Group based in Tampa, Florida. Quail Crossing is an 18-hole championship golf course located just outside of Evansville, Indiana about two hours west of Louisville, Kentucky.

Terence Vanek, lead agent on the deal, represented the seller Berger Realty. Mr. Vanek also facilitated the buyer group, Warrior Golf Properties, in the acquisition of the property. This is the 47th golf course transaction The National Golf & Resort Properties Group completed, and Mr. Vanek’s second this year in the state of Indiana. When asked to compare Quail to some of the our properties their group has worked on, he said “We’ve been honored to sell some of the most prestigious golf properties in the country, including Ritz-Carltons, Three-Course Resorts, properties named “Best in State” and even one of “America’s 100 Greatest Golf Courses. Any time you can work with a Tom Doak design you feel honored. Quail can stand tall against any of our other properties in terms of innate beauty and opportunity.”

The sale included a land component of ten fully developed single-family lots that range from $24,000 – $35,000 in retail value, as well as 40 excess acres of developable land for 80 or so additional home sites. The golf course, one of powerhouse architect Tom Doak’s first designs and rated four stars by Golf Digest, epitomizes his lay-of-the-land philosophy with an idyllic country setting preserved in austerity and unique beauty. Berger Realty developed the property to rave reviews and what has arguably become the premier daily fee golf community in southwest Indiana. When asked about plans for the future, Mr. Vanek said “Warrior Golf has such an excellent track record. We are confident they will bring the needed energy and vitality that will reward everyone – member and investor alike – for years to come.”

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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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