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 Hartefeld National Golf Club, 259 acre
golf course located in Avondale, according to Steven Ekovich, Director of the
National Golf & Resort Group of the firm’s Tampa office.
Steven
Ekovich, the lead agent on the asset sale and Tom Gorman of the Philadelphia
office of Marcus & Millichap, represented the seller, a financial
institution based in Pennsylvania. Steve
Ekovich also facilitated the buyer, ClubCorp in the acquisition of the property. Mr. Ekovich said that “after an exhaustive international search for the
right buyer for this club, it was determined that ClubCorp would be the best
fit for both the seller and club members. ClubCorp is one of the few well capitalized
golf firms in the industry; they have the expertise to understand the
complexities of this asset as well as provide the necessary capital, leadership
and programing that Hartefeld members were clamoring for.” Hartefeld National, a private country club
that features one of the Northeast’s most honored golf courses, is a Tom
Fazio-designed championship course that has served as the site of both a PGA
TOUR and Senior PGA Tour event. The purchase of Hartefeld National marks the
fifth acquisition in less than a year for ClubCorp, which plans to spend more
than $1 million in capital improvements to the club.
Named by Golfweek magazine as a top 10 course in Pennsylvania and previously ranked fourth in “America’s Top 50 Courses for Women” by Golf Digest for Women, the challenging Hartefeld National golf course features dramatic elevation changes, breathtaking vistas, majestic tree lines of oak, beech, holly, and pine, terraced tee boxes and sculptured greens. The course has earned a host of additional accolades and awards from publications and organizations including Golf Digest, GOLF Magazine, The Philadelphia Inquirer, Washington Golf Monthly, the Zagat Dining Survey, Delaware Today and the PGA.
Named by Golfweek magazine as a top 10 course in Pennsylvania and previously ranked fourth in “America’s Top 50 Courses for Women” by Golf Digest for Women, the challenging Hartefeld National golf course features dramatic elevation changes, breathtaking vistas, majestic tree lines of oak, beech, holly, and pine, terraced tee boxes and sculptured greens. The course has earned a host of additional accolades and awards from publications and organizations including Golf Digest, GOLF Magazine, The Philadelphia Inquirer, Washington Golf Monthly, the Zagat Dining Survey, Delaware Today and the PGA.
