Golf Division of the Leisure Investment Properties Group Sells TPC Eagle Trace of Coral Springs, Florida
Coral Springs, FL – 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 TPC Eagle Trace, an 18-hole Arthur Hills Design course located in Coral Springs, Florida.
Steven Ekovich, Managing Director of the firm’s National Golf & Resort Properties Group and lead agent on the asset sale, represented both the seller a well-known national lender and the buyer, ClubLink Enterprises. In addition to TPC Eagle Trace, The National Golf & Resort Properties Group has represented ClubLink in the US for all of its golf course purchases since 2010.
Ekovich stated, “working with both a buyer and seller with an outstanding grasp of complex issues, that have the staff to devote to a quick close was essential in getting this transaction closed on December 31st. This is thirteenth golf course in which I have personally represented ClubLink on in the US. Their expertise in both real estate business transactions and the golf industry; as well as their entrepreneurial platform allowed them to make quick business decisions, implement a very quick due diligence process and close a transaction faster than any other institutional client in the business. The transaction was closed in 14 days while working with a receiver, nine attorneys on a very complex transaction. National Golf & Resort Properties Group has brokered 49 courses in less than 35 months, however, this is the first transaction in that time period that closed in such a short period of time. It has been an absolute pleasure to work with the professional staff members and other external professionals affiliated with a seller and buyer.”
“The acquisition of this prestigious golf club demonstrates our commitment to providing our more than 20,000 members in Florida, Ontario and Quebec the opportunity to truly experience ‘One Membership, More Golf,'” said ClubLink President and CEO Rai Sahi. “Since our founding in 1993, this has been our unique business model and one that continues to be very successful.”
Opened in 1983 as the first member club in the PGA TOUR’s Tournament Players Club network, TPC Eagle Trace is an Arthur Hills design. Home to the PGA TOUR’s Honda Classic for nine years, TPC Eagle Trace is the centerpiece of a luxury gated community of approximately 900 homes.
For more information regarding the sale of TPC Eagle Trace 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 48 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: 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.