Marcus
& Millichap Brokers the sale of
MAGNOLIA POINT GOLF & cOUNTRY CLUB
Matthew
Putnam a golf course broker with the NG&RPG, was the lead agent on the asset sale. Chris Karamitsos, co-founder of
the National Golf & Resort Properties Group, was also a part of the deal team representing the seller, Floribec International,
INC. Matt
Putnam also facilitated the buyer, Magnolia Point Investment, LLC in the
acquisition of the property. Mr. Putnam said that “the buying group has a tremendous vision
for this property going forward which was, in large part, the reason the seller
selected them from among several other qualified offers. Since the sellers were
the original developers of the course and community, it was important for them
to find a group that could continue and build upon the legacy that they have
created at Magnolia Point.” The purchase of Magnolia Point marks the first
acquisition of this kind for Magnolia Point Investment, whose principals have extensive
experience in tennis and spa operations. This transaction marked the 7th golf course sold for the National Golf and Resort Properties Group in 2012
Sprawling through a 1,000 acre community, Magnolia Point is a semi-private country club that features 27 holes of golf designed by Mark McCumber and also boasts 7 clay tennis courts, a junior Olympic swimming pool and full service bar, restaurant and banquet facilities. With no parallel fairways, various elevation changes and as many as 13 signature holes, the golf course is widely regarded as one of the best layouts in North Florida.
Sprawling through a 1,000 acre community, Magnolia Point is a semi-private country club that features 27 holes of golf designed by Mark McCumber and also boasts 7 clay tennis courts, a junior Olympic swimming pool and full service bar, restaurant and banquet facilities. With no parallel fairways, various elevation changes and as many as 13 signature holes, the golf course is widely regarded as one of the best layouts in North Florida.
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