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 Broad Run Golf Club, a 372 acre golf course located in Westchester, PA, 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, Broad Run LLC 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 Broad Run, LLC which owns multiple courses in Pennsylvania would be the best fit for both the seller and the club. Broad Run LLC. is a well-capitalized golf firm that has the vision, leadership, expertise and the necessary capital, to take Broad Run back to its founding as one of the best courses in Pennsylvania.”
Broad Run was designed by world renowned golf course architect Rees Jones and rated 4-1/2 Stars by Golf Digest. Replete with industry awards and accolades for both quality of golf and service, the customer experience was unlike anything else offered in the competitive market and again will be on par with its history. The property is expansive, dramatic, and truly one of a kind. With 150 foot elevation changes throughout the property, and a 300-year old clubhouse registered as a Pennsylvania historic landmark, Broad Run provides a golf experience like no other.
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, Broad Run LLC 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 Broad Run, LLC which owns multiple courses in Pennsylvania would be the best fit for both the seller and the club. Broad Run LLC. is a well-capitalized golf firm that has the vision, leadership, expertise and the necessary capital, to take Broad Run back to its founding as one of the best courses in Pennsylvania.”
Broad Run was designed by world renowned golf course architect Rees Jones and rated 4-1/2 Stars by Golf Digest. Replete with industry awards and accolades for both quality of golf and service, the customer experience was unlike anything else offered in the competitive market and again will be on par with its history. The property is expansive, dramatic, and truly one of a kind. With 150 foot elevation changes throughout the property, and a 300-year old clubhouse registered as a Pennsylvania historic landmark, Broad Run provides a golf experience like no other.
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