Brown Golf is under contract to purchase the Jacksonville, Fla., and Fruit Cove, Fla., properties from Pacific Life. The sale price has not been revealed.
Brown Golf is under contract for the purchase of the Windsor Parke Golf Club in Jacksonville, Fla., and The Champions Club at Julington Creek in Fruit Cove, Fla., the Jacksonville-based Florida Times-Union reported.
John A. Brown, the CEO of Brown Golf, which has six courses in South Carolina, seven in Pennsylvania, four in North Carolina, and one each in Florida, Georgia and New York, told the Times-Union that the parties are in the due diligence stage and he was hopeful to close by the end of April.
“Things are going okay,” Brown said. “I love this market and I love Jacksonville.”
Pacific Life purchased Windsor Parke in 1998 and the Champions Club in 1999 from Riverside Golf, managed by former PGA Tour player and past U.S. Amateur and British Amateur champion Steve Melnyk. Riverside Golf has continued to manage the courses, the Times-Union reported.
Melnyk said there would be no comment from Riverside Golf or Pacific Life until a sale is final. Brown said a non-disclosure agreement prohibits him from discussing the sale price, but Pacific Life paid $5.7 million 16 years ago for the Champions Club, the Times-Union reported.
Brown said the two courses fit the profile of his company’s portfolio. “We are a value-oriented golf operator,” he said. “We want the masses to be able to afford to play golf.”
In addition to managing 20 courses, Brown Golf consults 19 others. Brown is a PGA of America Master Professional and former club pro at facilities in New England, New York and Pennsylvania. He was an executive with Troon Golf Management in Scottsdale, Ariz., before forming his own management company, the Times-Union reported.
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