The Raleigh, N.C.-based company purchased the courses in Brunswick County, N.C., along with a portion of the Compass Pointe residential development, from Brunswick Golf Holdings LLC for $2.97 million. The new ownership’s plan calls for Compass Pointe to eventually become a private club, while the 27-hole Magnolia Greens facility will remain open to the public.
The Compass Pointe and Magnolia Greens golf courses in Brunswick County, N.C. have a new owner, the Wilmington, N.C. StarNews reported.
Last month, the StarNews reported, Raleigh, N.C.-based Renaissance Golf Group LLC purchased the two popular golf courses in northern Brunswick County for $2.97 million, according to documents provided to the Brunswick County Register of Deeds office.
The group also purchased from local developer Bobby Harrelson’s Brunswick Golf Holdings LLC company a portion of the real estate inside Compass Pointe, a new development that includes 2,200 homesites, with 800 homes built and 50 to 60 currently under construction, the StarNews reported.
Jay Biggs, Renaissance’s President and Chief Operating Officer, will manage daily operations and membership for both courses and Rick Farrell will remain the Director of Golf, the StarNews reported.
Farrell said that plans call for Compass Pointe to become a private club in the future, with the 27-hole Magnolia Greens facility and its short-game area remaining open to the public. The sister clubs previously offered a “Double Eagle” membership that granted access to both courses at reduced rates, and those members will continue to enjoy their privileges, the StarNews reported.
The Magnolia Greens course is a Tom Jackson design that opened in 1998. Compass Pointe was designed by Rick Robbins and was the first course to open in the state in nearly seven years when it opened in 2016.
In addition to the two recent acquisitions, Renaissance Golf owns the Beaufort Club (formerly North River) in the area and reportedly has plans for further portfolio expansion locally in the future,
The full StarNews Online story may be viewed at http://www.starnewsonline.com/sports/20180530/mull-again-new-ownership-for-compass-pointe-magnolia-greens
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