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For over 35 years, Atlantic Western has remained one of the primary market makers for high value equestrian and agricultural land in the Wellington and surrounding markets; executing over 5,000 acres comprising over $500,000,000 in total sales and advisory assignments.
Client: Ashbourne Farms & BlueGrass South Properties
Property Description:Â This 30 acre farm is one of the largest improved equestrian facilities in Loxhatchee including a stable, polo field, improved grand prix riding ring, various residences and maintenance facilities.
Assignment Summary:
Atlantic Western was engaged as the Buyer’s representative to evaluate and acquire the Property in the 2nd quarter of 2020 during the height of the Covid-19 pandemic. Atlantic Western completed buy-side thorough due diligence and inspections, and completed the $5,200,000 acquisition within 30 days of engagement and was retained by the Buyer post closing to advise and supervise development improvements.
Client: Windsome Farms Limited
Property Description: Windsome Farms was Wellington’s largest, and most iconic equestrian facilities available for sale. Exquisitely developed and maintained, this unique 80 acre property includes a 52 stall European designed Stable, 5 acre Bermuda Grass Grand Prix Field, Sand Jumping Ring, Training and Championship Dressage Rings, together with paddocks, support & maintenance facilities, apartments, and residences.
Assignment Summary:
After being listed for sale with various other agencies for over 10 years, within 5 months of being engaged as the seller’s exclusive representative, Atlantic Western engaged Helgstrand Dressage, the largest European based dressage trainer in Wellington, resulting in the property’s all-cash sale for $17,450,000.
In separate transactions, also for this Seller, Atlantic Western successfully sold 20 acres of adjacent equestrian land in 2019 for $6,000,000.
Client: Tommy Lee Jones
Property Description:Â San Saba Polo Farm, Wellington, Florida - 55 acres with 2 polo fields, 48 stables, housing and related infrastructure.
Assignment Summary:
After being listed for sale with other agencies for over 8 years, within 6 months of engagement
Atlantic Western successfully negotiated and executed this exclusive property’s all-cash sale
for $11,500,000; equating to 96% of list price.
This event marks Atlantic Western’s fourth consecutive sale of this property in the past 30
years.
Client: Mecca Farm Affiliates & Private Investors
Property Description: 160 + acres – AGR Farm Land, Palm Beach County, Florida
Assignment Summary:
Over a 3 year period, Atlantic Western represented affiliates of Mecca Farms in a 145 acre farm tract zoned AGR (Ag Reserve), providing advisory and brokerage services in its as-is sale, together with adjoining unrelated lands, to private investors in 2019 for $16,300,000.
Client: GULFSTREAM POLO CLUB and surrounding properties
Property Description: 160+ acres Palm Beach County, Florida
Assignment Summary:
Over an 14 year period, Atlantic Western represented multiple owners of tracts comprising over 380 acres including the Gulfstream Polo Club, and provided comprehensive advisory, entitlement and brokerage services which resulted in the successful re-zoning and sale of various tract assemblages for residential development to Standard Pacific Homes, Lennar Homes and Pulte Homes. In 2018, Atlantic Western completed the 69 acre sale of the second phase of Gulfstream Polo Club to Pulte Homes for approximately $18,726,000.
Client: Loxahatchee Pines Golf Center West Palm Beach, FL
Property Description:
20 acre par three golf course | SR 80, Southern Boulevard | West Palm Beach, FL
Assignment Summary:
Atlantic Western was engaged as the exclusive listing agent to market and sell this executive par 3 golf course and proshop operation. The assignment was successfully completed and sold for $1,100,000 within 6 months of engagement. The property was resold in 2015 for $2,100,000.
Client: Private Interests
Property Description:
Payson Park | Indiantown, Florida | 405 acre Thoroughbred Training Facility
Assignment Summary:
Exclusively engaged by the private owners of this legendary training facility, Atlantic Western executed a marketing, publicity and brokerage campaign to offer this unique and historically significant property for sale for the first time in over 30 years.
Client: FL Indiantown LLC (an affiliate of Lehman Brothers)
Property Description:
572 acres | formerly known as the Quillen Acreage | Indiantown, Florida
Assignment Summary:
Exclusively engaged in late 2012 by Lehman Brothers Affiliates, Atlantic Western facilitated the disposition of this agricultural/development tract for $3,660,800 within 90 days of assignment.
Client: J-5 Wellington Preserve, LLC
Property Description:
150 acres | Platted Sub-division | Wellington, Florida
Assignment Summary:
In 2011-12, Atlantic Western represented the buyer in the $14,367,000 partial bulk-acquisition of a distressed sub-division in Wellington, Florida. Over the next year Atlantic Western provided post-closing entitlement, design, advisory and project management services to permit and construct a private polo & equestrian complex including 5 polo fields and supporting infrastructure. Services provided by Atlantic Western included oversight and direction of site plan preparation and regulatory approval, ERP/SFWMD permitting, Master Plan Amendment Approvals, Land Development Permitting, project design and engineering, re-platting, construction contracting and financing.
Client: Iberia Bank
Property Description:
49 acre foreclosed Equestrian Sub-Division | Wellington, Florida
Assignment Summary:
Exclusively engaged in 2011-12 by the foreclosing lender, Atlantic Western successfully completed the marketing and $3,600,000 sale of this land to an all-cash foreign investor.
Client: Iberia Bank, Jupiter, Florida
Property Description:
32 Acres Equestrian/Polo Farms Agricultural/Development Tract | Lake Worth, Florida
Assignment Summary:
During 2011, Atlantic Western provided disposition brokerage services to Iberia Bank in connection with their foreclosure on multiple polo farms/agricultural development tracts within Gulfstream Polo Club. Within six months of engagement, Atlantic Western successfully completed all cash sales to third party investors.
Client: Private Interests
Property Description:
14,000 acres known as the Escape Ranch; considered to be one of the finest recreational/conservation ranches in Florida.
Assignment Summary:
During 2010-2011, Atlantic Western was exclusively engaged as co-brokers with Hall & Hall to provide brokerage services for this $35,000,000 trophy/legacy ranch in central Florida; which efforts successfully resulted in the sale of 50% interest in the ranch.
Client: Gibraltar Private Bank, Miami, Florida
Property Description:
29.25 Acres Tree Nursery & Agricultural/Development Tract | Lake Worth, Florida
Assignment Summary:
During 2010, Atlantic Western provided management and disposition brokerage services to Gibraltar Private Bank in connection with their foreclosure on this abandoned tree nursery. Within six months of engagement, Atlantic Western completed a successful all cash sale to third party investors for $2,090,000.
Client: Trucane Sugar Corp., West Palm Beach, FL Lake Point LLC
Property Description:
1,200 acres of farm land | Pt. Mayaca, Martin County, FL
Assignment Summary:
In 2008, in connection with Lakepoint Ph I, Atlantic Western facilitated the entitlements and sale of this 1,200 acre sugar cane and citrus farm to investors for $23,000,000. Atlantic Western also arranged and facilitated $41,000,000 in operating debt that financed the purchase of both phases.
Client: Trucane Sugar Corp., West Palm Beach, FL Lake Point LLC, Boston, MA
Property Description:
2,200 acres of farm land | Pt. Mayaca, Martin County, FL
Assignment Summary:
In 2004, Atlantic Western assisted the owner of this sugar cane and citrus farm to identify possible disposition alternatives. Within 3 months, Atlantic Western assembled a group of investors that contracted to acquire the first phase of over 1,000 acres which was completed in 2005 for $13,000,000. Atlantic Western was subsequently engaged by Lake Point LLC to entitle, develop, finance, and market the project known as Lake Point Ranches. Over the next 2 years, Atlantic Western completed the entitlement, permitting and initial construction of the project and successfully re-sold it for $30,000,000 cash.
Client: Private Interests
Property Description:
Three agricultural tracts totaling 37.5 acres situated along the Florida Turnpike | Lake Worth, Florida.
Assignment Summary:
Atlantic Western was exclusively engaged in 2007 to assist certain owners in the sale and condemnation of these tracts by the FDOT, resulting in completed transactions totaling over $13,600,000.
Client: Caulkins Land Holding Corp., Denver, CO
Property Description:
Three tracts totaling 34.8 acres partially approved for the development of 11 single family waterfront tracts, situated along the St. Lucie River and Kanner Highway, Martin County, Florida.
Assignment Summary:
Atlantic Western was exclusively engaged in 2007 to market and sell these tracts. Within 6 months of engagement, this assignment was completed resulting in the as-is, all cash sale to affiliates of the King Ranch, for $1,550,000 , or approximately $44,500 per acre.
Client: Jan Pamela Polo, Jackson Hole, WY
Property Description:
70 acre Polo & Equestrian Complex | Wellington, FL
Assignment Summary:
Exclusively engaged as the buyer’s representative and advisor, Atlantic Western provided strategic valuation, brokerage, advisory and due diligence services in negotiating and completing the $21,600,000 cash acquisition of this strategic land assemblage.
Client: Private Interests, Wellington, FL
Property Description:
Catamount Polo Farm | 20 acres with private polo field, stable and owner’s residence Wellington, FL
Assignment Summary:
Exclusively engaged by the owner in 2005, to market and sell this trophy equestrian asset, Atlantic Western completed the assignment within 9 months of engagement, achieving $6,500,000 all cash; representing one of the highest per acre sales ever recorded at the time in the asset’s particular sub-market.
Client: Wellington Golf Group, LLC Wellington, Florida
Property Description:
180 acre, 36 hole golf course with Country Club | including a 38,000 sf clubhouse, tennis center, banquet facilities and supporting maintenance infrastructure located in Wellington, Florida
Assignment Summary:
In 2008, in connection with Lakepoint Ph I, Atlantic Western facilitated the entitlements and sale of this 1,200 acre sugar cane and citrus farm to investors for $23,000,000. Atlantic Western also arranged and facilitated $41,000,000 in operating debt that financed the purchase of both phases.
Client: Silverlake Enterprises Loxahatchee, Florida
Property Description:
59 acre Nursery | Wellington, FL
Assignment Summary:
Atlantic Western was engaged in 2004 as the exclusive agent by the owner to execute a sales program for the nursery acreage. The property was sold for $5,625,000 or $95,000 per acre, within 6 months of engagement, for equestrian development purposes.
Client: Private Interests
Property Description:
112 acres - Undeveloped Land | Wellington, FL
Assignment Summary:
Atlantic Western assisted a private client in its as-is sale of this 112 acre tract, which was completed on an all cash basis for $14,400,000 within 10 months of engagement. Subsequently, as exclusive agents, engaged by the buyer, Atlantic Western created and executed a marketing and sales program for the development, sub-division and resale of this property.
Client: Hobby - Catto Properties, Ltd., Houston, Texas
Property Description:
43 acres - undeveloped | I-4 Corridor | Volusia County, FL
Assignment Summary:
As exclusive agents for out of state investors, Atlantic Western was engaged to develop a comprehensive strategy, value opinion and execute a marketing and sales program for this tract of industrial development land. Atlantic Western successfully sold the tract for 93% of the established asking price within a six month period.
Client: Camaro Farms, Inc., Pahokee, FL
Property Description:
Western Palm Beach County, FL | 1350 acre farm
Assignment Summary:
Atlantic Western was engaged as a strategic advisor for the owner's negotiation with South Florida Water Management's acquisition of this strategic parcel as part of the Everglades restoration project.
Client: Nationsbank, Tampa, FL
Property Description:
40 acres - Agricultural Nursery | Wellington, FL
Assignment Summary: As exclusive agents for Nationsbank, Atlantic Western was engaged to develop and execute a marketing and sales program for this abandoned nursery facility. Atlantic Western successfully sold the tract for 100% of the established asking price of $800,000 within the six month assignment.
Client: Winthrop Investors (IRCI) Apollo Real Estate Advisors, New York, NY
Property Description:
3200 acre Citrus Grove | Martin County, FL
Assignment Summary: Engaged by an Apollo affiliate, Atlantic Western provided advisory and valuation services in connection with the management and disposition plans for this and other large syndicated agricultural properties in Florida.
Client: Midlantic-PNC Bank, Edison, NJ
Property Description:
40 acres | SR 60 | Vero Beach, FL
Assignment Summary: As exclusive agents for Midlantic-PNC, Atlantic Western successfully marketed and sold non-contiguous tracts to a private investment group within the 12 month disposition assignment.
Client: Linda Kreck as trustee, Flying Orange Ranch
Property Description:
350 acres, Citrus Grove | Wellington, FL
Assignment Summary:
As exclusive listing agent, Atlantic Western advised and directed the marketing efforts for the sale of this orange grove in Palm Beach County. Atlantic Western was subsequently retained by the buyer to execute a sub-division and resale of the tract to various investment interests.
Client: Midlantic National Bank, Edison, NJ
Property Description:
Crystal Corporate Center Military Trail | Boca Raton, F | 126,500 sf - class A office
Assignment Summary: Atlantic Western's staff, acting as the asset managers and advisors to Midlantic, negotiated a successful debt restructuring on this class A office complex in Boca Raton. This workout lead to the loan's successful sale to General Electric as part of a $225,000,000 portfolio sale, which was also executed by Atlantic Western's staff.
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