Adena Springs Farm | Horse Racing Free Tips

Call for Offers Issued for Sale of Adena Springs Farm

An official Call for Offers and expressions of interest campaign will open Mar. 28 for the 2,300-acre Adena Springs Farm in Lexington, which was listed for sale last summer for $55 million. The campaign will conclude May 6, with final bids due by May 15.

Icon Global is handling the campaign and will issue final sale process and campaign details by Mar. 28. The sealed bidding and offer process guidelines to be released will include a buyer's ability to submit offers via Stalking Horse Bids, Sealed Bids, or Conventional Private Contract formats within the expressions of interest received on or before the closing deadline. The seller will reserve the right to negotiate and accept early offers at any time prior to the campaign close of May 15.

Buyers will be able to choose a single sale opportunity or choose from any combination of one or more subdivision parcels together with various barns, pastures, amenities, and improvements.

The farm, which was built in 2007, includes 20 barns and over 250 stalls.

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Adena Springs Listed for $55m

Adena Springs Farm in central Kentucky, comprised of 2,300 acres, 20 barns and over 250 stalls, has been listed at $55 million. Previously owned by Frank Stronach, the land was home to stallions such as Ghostzapper and Awesome Again for years. Icon Global and Justice Real Estate are handling the sale.

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Kentucky’s Adena Springs Farm to be Sold

Frank Stronach's state-of-the-art Adena Springs Farm, located near Paris, Ky., will be sold, according to Dallas real estate firm Icon Global. Stronach purchased the land that makes up the 2,300-acre property in 2005 and built the facility from scratch, opening it in 2007. It is capable of handling over 1,000 horses and Stronach has stood a number of prominent stallions there, including homebreds Awesome Again and Ghostzapper. Although Adena Springs in Kentucky has been Stronach's main breeding hub, he currently retains farms in both Florida and Ontario and has an active racing operation. He has won multiple Eclipse Awards and Sovereign Awards as both breeder and owner.

Stronach and his former The Stronach Group (TSG) have had a long reach in North America for the last few decades with a large portfolio of prominent racetracks, farms, and breeding/racing operations. In 2020, Stronach and his daughter, Belinda, ended a battle for control of TSG that had led to lawsuits. Under the agreement, Belinda got control of TSG's Thoroughbred racing and gaming businesses, while Stronach took over operation of the family's racing and breeding arms. Stronach is 89 years old.

“The Adena Springs contributions, records, awards, and innovations to the Thoroughbred racing industry internationally are incredible and, in some cases, unsurpassed in the annuals of modern racing history,” said Bernard Uechtritz of Icon Global. “This farm is one of the two largest of its kind under one fence in the Lexington Bluegrass.”

Click here to see the listing.

The post Kentucky’s Adena Springs Farm to be Sold appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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