Tampa, FL, January 7, 2013 – 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 Tartan Fields Golf Club, an 18-hole Arnold Palmer Signature Course located in Dublin, Ohio.
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, Arcis Equity. The buyer is a private equity firm dedicated to investments within the leisure sector and has significant experience in the ownership and operation of upscale private clubs.
Ekovich stated, “The club was an outstanding acquisition for the buyer. Tartan Fields Golf Club is located close to Muirfield Village, in a stellar demographic market for golf. The course needed a visionary owner, like the buyer, to bring the club back to its original form and reputation as being one of the preeminent private clubs in the country.” Ekovich went on to say, “This was one of the smoothest transactions I have had in years. The expertise and professionalism provided by both the seller and the buyer throughout the process caused a very complex transaction to close on time with no extensions, re-trades on price or major issues during the transaction process.”
Tartan Fields Golf Club offers an 18-hold Arnold Palmer Signature course, boasts a well-appointed 20,000 square foot clubhouse with a banquet capacity for 150 guests. The club also provides exceptional tennis facilities, an outdoor swimming complex with zero-entry pool, slide and diving area. This private club is the centerpiece amenity to an upper-income residential community surrounding the course, providing a family-friendly atmosphere for local residents.
For more information regarding the sale of Tartan Fields Golf Club 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.