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.

The post Call for Offers Issued for Sale of Adena Springs Farm appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

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.

The post Adena Springs Listed for $55m appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Adena Springs Kentucky Farm Listed For Sale

Once a part of The Stronach Group's internationally renowned breeding and training business, Adena Springs Farm, located in Paris, Ky., served as a cornerstone to the company's formerly integrated breeding and training operations in OntarioFlorida and elsewhere.

The hands-on visionary of the complex, Frank Stronach, purchased the land in 2005 and built a state-of-the-art facility on the 2,300-acre property that opened in 2007, capable of handling over 1,000 horses.

Icon Global' s Bernard Uechtritz said, “We are delighted to make this early campaign announcement on behalf of our client, The Stronach Group, and are truly honored and privileged to be able to do so at this year's Fasig-Tipton illustrious Night of the Stars November Sale event. The Adena Springs contributions, records, awards, and innovations to the Thoroughbred racing industry internationally are incredible and, in some cases, unsurpassed in the annals of modern racing history. This farm is one of the two largest of its kind under one fence in the Lexington bluegrass. The other is the renowned WinStar Farm in Versailles, Ky., owned by a Texan.

“Although the complex was originally built for Thoroughbred breeding operations, its world-class infrastructure is multifaceted, versatile, and can easily convert to any equestrian discipline showplace, a horse park or even a co-op operation with central amenities. The farm is also easily subdivided into several smaller tracts for cohesive or separate ownerships along with private access. We will be offering the property in several parcel and custom parcel combinations. The market is very strong right now for all sizes of horse farm property, and even as we now prepare the farm for showings, we have early interest as word has gotten out. We will soon be announcing our Kentucky representative team as we progress towards making the farm and data room available for qualified buyer viewing and negotiations.”

Icon Global designs and implements strategic, tactical marketing and sales campaigns for unique, high-end properties globally.

Icon Global was founded by complex deal maker and International real estate advisor, Bernard Uechtritz. The Australian native most notably led the global marketing and sale of the 535,000-acre W.T. Waggoner Ranch in Vernon, Texas – listed at $725 million – the largest ranch in North America under one contiguous fence, in a world record sale that still stands today. Icon Global is an independently licensed and internationally connected full-service brokerage firm.

To view the listing, click here.

The post Adena Springs Kentucky Farm Listed For Sale appeared first on Horse Racing News | Paulick Report.

Source of original post

Verified by MonsterInsights